We’re Living in the Shadow of Ross Perot

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Left: Ross Perot

I’ve described Trump II (47) as Joe Biden’s second term based on Trump’s threats of prosecutions of businesses who might have to raise prices to survive the increased costs from his tariffs, something straight out of the Biden/Elizabeth Warren/AOC/Gavin Newsom playbook of 2021 to 2024. Recall “price gouging”, especially you Californians? Trump is not done shape-shifting. He mutated from a Reagan conservative in much of his first term to the occasional Biden of Trump II, and now full Ross Perot.

So, my first prognosis of Trump II, as Biden II, was correct in part, and then he peeled away his mask exposing his inner Ross Perot in his second time at the plate. Trump is finally getting the opportunity to implement Ross Perot’s spiel of the 1990s (see #1). It’s where he was all along. What we see in Trump II, the real Trump, is more of Perot’s Reform Party of the 1990s with its predilection for isolationism and protectionism, a general antipathy to foreign relations, and much less constrained by the influence of Republican Reaganism in Trump I.

That 1980s Reaganism, though, worked. A government committed to letting the economy work and a foreign policy determined to protect our allies and confront our adversaries sparked an economic wave that subsequent recessions, financial crises, and successive Leviathan-loving Democrats couldn’t fully suppress, and an era of relative international calm with the rollback of communism and the eventual fall of the USSR.

When Trump I followed the Reagan script, he and we succeeded. Red lines were enforced with swift actions. The Congressional Review Act deregulations of the 2017 Republican Congress and major tax cuts led to a second economic wave, only to be sidelined by a virus let loose from a ChiCom lab. By the time of the 2020 election, his own coarse behavior and the shutdowns turned Trump into a foul-smelling pariah to many swing voters. Many decided to give a declining octogenarian a try. Instead, the voters quickly got in 2021-2024 a radical-left culture war targeting children, the family, biology, education, the nation’s history, chaotic immigration, and bloated budgets, inflation, and an assault on energy and transportation.

It turned out once again that the coarse nose-pinching pariah became preferable by 2024 to an administration intent on aligning our lives to the wishes of a college sociology faculty. Back in 2020, I doubt if many people forecasted a left-wing war on their way of life. Now, in 2024, few expected a global tariff war or a foreign policy resuscitated from 1940, from Lindbergh’s America First Committee, in attempts to revive Obama’s Iran nuclear deal and the zeal for a deal, any deal, with Russia even if it meant humiliating and abandoning the first victim of blatant aggression on the continent of Europe not seen since the Third Reich.

To be clear, though, this latest round of electoral betrayal didn’t come from the right. It came out of Trumpism, a hodgepodge of opinions that mostly paralleled those of Ross Perot in the 1990s. The 1990s locked Trump into his current frame of mind. Perot had it in for George H.W. Bush, opposing Gulf War I and NAFTA. Negotiations creating a North America trading bloc, what later came to be called NAFTA, started with Reagan and proceeded through HW and finally concluded under Bill Clinton. In a 1992 presidential debate between HW, Clinton, and Perot, it’s clear that the Perot rhetoric of 1992 is the Trump rhetoric of 2024. Perot lambasted NAFTA as creating “a giant sucking sound going south” (see #2). Trump’s hot air about other countries “ripping us off” is a recycling of the rhetoric. For people as simple-minded as Perot and Trump, a “trade deficit” is a national expense, a debit from the nation’s nest egg going to starving foreign peasants willing to work for a pittance, thus that “giant sucking sound”.

Ross Perot Memes To Help You Say R.I.P. - Funny Gallery | eBaum's World

It’s a child’s view of the world. They use “trade deficit” to describe a transaction whenever currency is exchanged for goods, which is what happens in international markets and between us and the supermarket down the street. By this slipshod reasoning, a “trade deficit” is likely to culminate every time a deal is struck with a Vietnamese clothing manufacturer or between us and Safeway. Life is filled with those horrifying “trade deficits”.

Many MAGA “elites”, the thought leaders of the movement, are consumed in hostility to imports, just like their orange man skipper. They are captivated by the abstract calculation of GDP, in the subtraction of imports in the formula, as if imports reduce a people’s economic well-being. There’s more to the story. Imports are subtracted to void double-counting since they are already an element in the “consumption” component (C) in the equation GDP=C+I+G+X, X being trade, the exports minus imports.

From this, the movement’s devotees point to a hollowed-out Rust Belt, to the “deaths of despair”, and almost any other measure of social decay as proof of a “subtraction” from our national inheritance, the alleged impact of imports. The tactic makes it easy to blame others and not consider what we did to ourselves. Little thought is devoted to the role of our extortionate labor unions or our discouraging tax rates at all levels or the vast expansion of the regulatory Leviathan that made the upper Midwest uncompetitive with the rest of the world, and the American South! Historically, one can scout the flight of American manufacturing from the Northeast (late 18th to early 19th centuries) to the Midwest (19th to the middle 20th) to the South of today in the unrelenting search for hospitable economic climes.

Though, it must be said that the adolescent thinking works well in the realm of politics. Politics does not exist if there isn’t a government to exploit, or enlisted to serve a group’s self-serving definition of the national interest. Self-interest does not take a holiday within the corridors of power. In fact, it is heightened. Narrow interests have a field day when government is getting ready to inject itself into another facet of life. It is true whether we are talking about mammoth infrastructure bills or the onset of a tariff war. Watch as these highly motivated scavengers scramble for as much of the public carcass as they can get. What comes out the other end is far removed from anyone’s conception of our Constitution’s public welfare.

Throughout the 2024 presidential contest, Trump and Biden, and then Harris, were running for the presidency of Pennsylvania in the words of the economist Dominic Pino (see #4). Why? No need for advanced physics here. They needed Pennsylvania’s 19 electoral votes, and were stumbling over each other to pander to the powerful steel workers union. Trump had more “outsider” credibility to suck up to them, and had the additional advantage of a brawling background of protectionist pimping, the Ross Perot thing. That’s how the protectionist sausage is made. It’s the nature of politics, of government. It’s the angling to hitch government power to a narrow group’s covetousness at the expense of the everyone else not in position to be heard.

May be an image of text that says '10% 80% .. 100% Tariffs offe 30%'
Trump’s vision for America

This is not the self-interest of individuals in a free market, where people are free to walk away. It’s the self-interest of special interest groups to make economic war on rivals using state power. Under the aegis of government, there is no freedom to walk away. Our hegemonic labor unions love nothing better than to use government’s whip against their labor competitors – foreign and American non-union workers (88% of all U.S. workers) – and the better to insulate these labor monopolists from economic accountability for their excesses.

Case in point is the 2024 dockworkers’ strike. Historically, American organized labor married the federal government back in the 1930s (and some state governments sometime before) with Davis-Bacon (1931) and the National Labor Relations Act (1935). The mandate to pay union wages for government work, under the jargon of “prevailing wage”, and a union’s power to corral all workers at a place of employment put government in the hip pocket of these avaricious interests. More pay and less accountability on the job are at the top of the group’s list of demands. The dockworkers’ ILWU has no appetite for efficiency, innovation, and automation, only an interest in more pay, bennies, and featherbedding. Thus, the country that gave to the planet the world wide web has ports more antiquated than Mexico’s.

After strike, dockworkers and terminal operators to pick up talks ahead of 2025 deadline
Elizabeth, NJ – October 1, 2024 – ILA member, Dave “The Rave” Hallerman encourages fellow longshoremen to chant and show union support. Members of the International Longshoreman’s Association gather at Port Elizabeth to support a strike after contract talks broke down.

This is the reality of protectionism. Yet, protectionism is lauded as the pragmatic choice and free trade an idealist’s dream. Robert Lighthizer, Trump’s trade negotiator in Trump I, wrote that free trade is “mythical” and “never existed except in the minds of academics” (see #5). This logic ignores the mud wrestling of political decision making that produces the protectionist policies. Right now, the chief proponents of this blinkered thought process are Trump and Vance. They and their MAGA courtiers, inveigh against “deindustrialization” and the need for “self-sufficiency”. Vance trots off to Europe in March and spouts an attack on free trade, among other things (see #3). Of course, he fails to acknowledge that the government in its free-for-all jostling of parasitical interests will define these terms and the means to address them. Forget about a true national interest. And they assume that free trade is “mythical” and “fair trade” (?) is the practical alternative, as if amazingly sanitized of self-serving political manipulation. Who’s naïve here?

Welcome to the mind of Ross Perot updated in the thoughts and deeds of Donald Trump, his sidekick J.D. Vance, and their MAGA cadre of influencers.

No doubt, this “populism” has a fervent inward demeanor. It applies to foreign policy as well as trade. Foreign relations that cannot be reduced to widget totals and dollars and cents are suspect in the Perot/MAGA psyche. A world made safe for our people and our civilization has less purchase with this crowd. It leads to absolutely disgraceful national policy vis-à-vis the world.

The Ukraine imbroglio brought out the worst in the MAGA ecosystem, Trump, and his people. Now in the seat of power, eager to fulfill Trump’s boast of “I’ll settle the war in 24 hours”, the Trump consiglieri quickly launched a bashing of the . . . victim, the only leverage at their disposal to effectuate a deal, any deal. In an April meeting in the White House, Trump and Vance berated Zelensky over highly contentious charges of corruption and waste of American aid. On Truth Social, Trump could not resist lambasting Zelensky as a dictator, and nary a word about the real thug in the deadly game, Putin. The waterboarding of Ukraine was intensified with threats of cutting off aid and ceasing intelligence sharing. You want to talk about a world turned upside down?

It is often repeated that patriotism is the last refuge of the scoundrel. Wrong! It is “peace”, peace at any price, divorced from moral judgment, and repeatedly bloviating on the loss of life and destruction as if there is nothing to die for, not freedom, nor independence, nor honor. It is disgraceful. It is all that Trump talks about whenever the subject of Ukraine arises. It sounds like cover to hide the self-centered zeal to get a “win” no matter the cost to our nation’s reputation or the safety and security of a people fighting remain free.

Do not think for a moment that other nations fail to notice the treachery, this abandonment of honor for dishonor, of virtue for ignominy. It will be hard for them not to look upon us with greater cynicism, making our job of building alliances more difficult. We are turning our back on America as the shining city on a hill, as a beacon of a free and democratic moral order.

America’s premiere place in the world cannot be dismissed in the banal caterwauling about an American “world policeman”. The descent into national solipsism has extended into the silencing of our national voice in support of beleaguered peoples in China, North Korea, Russia, Cuba, Venezuela, Nicaragua, etc., by regimes not content with tyrannizing their own people but striving to threaten others within their reach. The administration’s wielding of the meat axe on all operations of the U.S. Agency for Global Media (USAGM) including Voice of America, Radio Free Europe, Radio Liberty, Radio Martí, Radio Farda (Iran), Radio Free Asia, et al, is typical Trump, using a 150mm howitzer to silence the occasional fly of wokeism. The world’s miscreants are dancing a jig from Moscow to Beijing to Teheran to Pyongyang to Havanna.

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Pres. Ronald Reagan making an address on Voice of America

Trump in his executive order cripples all the USAGM operations to the “minimum presence and function required by law”. So much for the Constitution’s Article II command that the president “take Care that the Laws be faithfully executed”. So much for “faithfully”. So much for the $860 million that Congress has appropriated for the agency this year. Keri Lake, appointed as “senior adviser” to the agency, and her people have issued a suicide note for the program in describing USAGM as “not salvageable”, and further, “From top-to-bottom this agency is a giant rot and burden to the American taxpayer—a national security risk for this nation—and irretrievably broken.” (see #7)

What’s MAGA’s main complaint? Left-wing bias. According to a senior Trump aid, “[USAGM] serves as the Voice for Radical America and has pushed divisive propaganda for years now.” If so, Mr. President, do your job and administer the program by removing the malefactors and their baleful influence, and manage the program more in line with our foreign policy imperatives.

In a continuum from Ross Perot to Donald Trump, a reboot of isolationism has taken hold. An America of outward responsibilities and moral clarity comes in a distant second to America First, aka America Alone. A great deal of naïveté is necessary to have an America Alone and not have the world crumbling down around you. In the 1920s, a general popular reluctance to engage the world was replaced with the fantasies of outlawing war (Kellogg-Briand Treaty) and disarmament-lite (Washington Naval Treaty). It did not take much longer than a decade before Hitler tore up the Versailles Treaty and the Wehrmacht went on a growth spurt, ditto for Italy, and Japan was laying the keel for the two largest battleships in history (Musashi, Yamato). The Third Reich, New Roman Empire, and Japan’s Greater East Asia Co-Prosperity Sphere were on the march. The vacuum of naïveté is filled with aggression, and much worse.

What is Trump’s reaction to naked aggression? It goes something like this: they don’t attack us, we don’t care; we’ll bring “peace” by punishing the victim; and we’ll close down our efforts to bring uncensored voices to subject peoples because they upset the tender sensibilities of authoritarians.

One thing remains true about Donald Trump. Frankly, if there is not anything in it for him, like a Nobel Peace Prize, he does not seem to care. It is shameful.

This whole ignoble scene taking place before our eyes can be summed up in the presence of Laura Loomer around Donald Trump. She has peddled rantings about 9/11 being an inside job. She is a provocateur drawing attention to herself and specializing in dark conspiracies. She is to MAGA what Dylan Mulvaney is to the woke Left. She marches to the White House and shortly thereafter (April 3) Trump fires six National Security Council staffers. Like the dark web, there appears to be a dark Right that has privileged access to our president, a Right consumed in dark cabals whose number stretches into infinity.

Donald Trump fist bumps with Laura Loomer.

A person like Laura Loomer has access because we have a president who dabbles in the political occult. It is a legacy of Ross Perot.

RogerG

Sources:

1. For a conservative critique of Perot’s trade claims, turn to “Setting the Record Straight: Evaluating Ross Perot’s Allegations Against the NAFTA”, Michael Wilson, The Heritage Foundation, 9/30/1993, at https://www.heritage.org/trade/report/setting-the-record-straight-evaluating-ross-perots-allegationsagainst-the-nafta. Today’s Trump-loving incarnation of the Heritage Foundation is busy eating those words.
2. 1992 presidential debate in “NAFTA 20TH ANNIV – PEROT GIANT SUCKING SOUND”, CNN, at https://www.youtube.com/watch?v=W3LvZAZ-HV4
3. The affection for protectionism is resplendent in both Trump and Vance. Trump’s most beautiful word in the English language is “tariff”. Vance speaks in Europe and clashes with conservative writers over the alleged beauties of protectionism, euphemistically referred to as “fair trade”, in bombasts on X at https://x.com/TimesBChanging/status/1906201911453171977. Dan McClaughlin in “Sorry, Mr. Vance, Things Are Not the Same as People” in National Review, lays out the buffoonery In Vance’s thinking at https://www.nationalreview.com/2025/03/sorry-mr-vance-things-are-not-the-same-as-people/.
4. Much thanks to Dominic Pino in “Free Trade Is How You Live Your Life”, National Review Magazine, May 2025, at https://www.nationalreview.com/magazine/2025/05/free-trade-is-how-you-live-your-life/
5. “The Free Trade Folly”, Robert Lighthizer, The American Compass, at https://americancompass.org/rebuilding-american-capitalism/productive-markets/the-free-trade-folly/
6. If you have the stomach for it, watch the entire 1993 Ross Perot/Al Gore debate on CNN’s Larry King Live and you will see Perot mannerisms in the current edition of Trump alongside the Trump spiel on free trade in the person of Perot. You’ll also notice the Perot pandering to organized labor like Trump. It can be viewed at https://youtu.be/0fi8OOAKuGQ?si=NnjfldhZK0VDLj7h.
7. “Trump orders the dismantling of government-funded, ‘propaganda’-peddling media outlet”, Emma Colton, Fox News, 3/16/2025, at https://www.foxnews.com/politics/trump-orders-dismantling-government-funded-left-wing-media-outlet-voa?msockid=287a0b967a9564c61c991f537b2f65ee
8. “Voice of America goes silent as Trump signs executive order gutting network’s parent agency”, Ariel Zilber, New York Post, 3/27/2025, at https://nypost.com/2025/03/17/media/voice-of-america-goes-silent-as-trump-guts-networks-parent-agency/
9. “Federal judge blocks Trump administration from dismantling Voice of America”, Michael Kunzelman and Rebecca Boone, AP, 4/22/2025, at https://apnews.com/article/voice-of-america-trump-f30c48df0c16de622ec5fd99ee6c627c

The World Turned Upside Down

Upside Down World - What To Know BEFORE You Go | Viator

Legend has it, probably apocryphal, that George Washington’s Continental Army band played “The World Turned Upside Down” during the surrender ceremony of the British army after the Battle of Yorktown. A tune that was written to mock the Puritan parliament’s suppression of traditional Christmas festivities in the 1640s ended up expressing a historical truism: Give it enough time and things flip. For instance, the markers that defined the Left now are true of the Right and vice versa. It is profoundly true in this brief interlude called the Trump era.

Trump has abetted the rise of a sixties peacenik faction of the Right. The logic and thoughts of the Soixante-Huitards – radical Left, anti-War protesters who massed in Europe and America during 1968, the “peaceniks” – have resurfaced on today’s Right. The most recent example of the phenomena appeared a month ago on Joe Rogan’s podcast in a debate between Douglas Murray and Dave Smith. Watch it below, all nearly 3 hours of it.

If I closed my eyes, I could swear that I was hearing Tom Hayden or Abbie Hoffman or Rudi Dutschke (of “the long march through the institutions” fame) in the person of Dave Smith, the self-described libertarian and Donald Trump enthusiast. It’s de-ja-vu all over again, in an alternative universe.

The Emergence of a New Left – Marxist Education Project
Collage of the Sixties Radical Left

The confusion between generations that the situation engenders was aptly fictionalized in Rob Long’s tale of an imaginary surveillance transcript of two Harvard undergrads discussing their latest plans for an anti-Trump protest.

The Malin on LinkedIn: Rob Long works at The Malin West Village.⁠ ⁠ What he does: Writer and…
Rob Long

In it, they unwittingly sound like Milton Friedman and Ronald Reagan leaving their conservative fathers dumbfounded by their lefty sons’ embrace of free trade and Friedman in their outcry against Trump and MAGA. Here’s Long’s depiction:

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Harvard University Undergraduate Surveillance ICE UNIT 7

BEGIN EXTRACT 09:33:02 04.04.25

UNIDENTIFIED VOICE 1: So I was thinking, for the anti-Trump rally, we come at them with something powerful and progressive, like “From the River to the Sea, World Trade Should Be Free,” you know, something like that.

UNIDENTIFIED VOICE 2: That’s amazing. And I have some posters with, like, that guy’s face on it, who’s that guy again?

UNIDENTIFIED VOICE 1: Milton Friedman?

UNIDENTIFIED VOICE 2: Yeah!

UNIDENTIFIED VOICE 1: Awesome. We need a bunch of those.

UNIDENTIFIED VOICE 2: This is going to be an amazing demonstration. We’ve got the free trade stuff, and the Friedman guy stuff, we just need some other stuff . . .

UNIDENTIFIED VOICE 1: Someone in the steering committee meeting suggested, like, an RFK Jr. slam? Like, Hey Hey, Ho Ho, Big Pharma’s the Way to Go.

UNIDENTIFIED VOICE 2: Not loving it.

UNIDENTIFIED VOICE 1: We can workshop some more. But I think we need to make a statement supporting our allies at Novartis and Bristol Myers Squibb.

UNIDENTIFIED VOICE 2: Totally.

UNIDENTIFIED VOICE 1: Any other allies we should support? Should we have a team carrying signs in solidarity with Walmart? They’re on the front lines of this trade stuff.

UNIDENTIFIED VOICE 2: Good instinct. Let’s keep it diverse. Let the teams know we don’t want to be just anti-Trump. That just gets us negative coverage. We need to keep it on the key progressive issues, like free trade and military intervention.

UNIDENTIFIED VOICE 1: Right. We made that clear in the planning meeting.

UNIDENTIFIED VOICE 2: Yeah. Us too. Let’s keep it issue-based. That’s what’s going to have impact.

UNIDENTIFIED VOICE 1: Right. But some of these issues? It’s like, I’m a senior and I could swear that my freshman year in my Intro Poli Sci class we were against free trade, because it was just a tool of the global patriarchal elite.

UNIDENTIFIED VOICE 2: Yeah, I was in that class, too. Plus, were you in World Health Systems in Crisis? I’m pretty sure everything RFK Jr. is saying now was in our textbook. In fact, I know it was because I used some of his stuff about seed oils in my final paper.

UNIDENTIFIED VOICE 1: And in my freshman year Survey of Modern Geopolitical Strategy we were told that when two countries have a border dispute we’re not supposed to intervene.

UNIDENTIFIED VOICE 2: Yeah. Does that mean I should tell the Ukraine team to pick another issue?

UNIDENTIFIED VOICE 1: No, no. No. I mean, no, right? It’s just weird how everything changed. And it seems like some of the stuff we’re now in favor of is . . .

UNIDENTIFIED VOICE 2: Stuff my dad was saying a few years ago?

UNIDENTIFIED VOICE 1: Right! Exactly! My dad was always telling me that tariffs are taxes and taxes are bad.

UNIDENTIFIED VOICE 2: Oh, that’s a good one! I’ll tell them to make up some posters with that one!

UNIDENTIFIED VOICE 1: Yeah. Yeah. It’s just that . . . it feels very strange to be agreeing with my Republican father. About politics and economics and stuff.

UNIDENTIFIED VOICE 2: Agree with him? But he’s a Republican! He’s a Trumper!

UNIDENTIFIED VOICE 1: No, actually he’s not. He’s not anything, I don’t think. Anymore. It’s kind of sad, actually. He just sits in the den with a lost expression on his face. When I showed him my Free Trade Now! tattoo he asked if it hurt and when I said no he asked where I got it.

UNIDENTIFIED VOICE 2: Hey, look. Yes, things are a little upside down right now, but you said it yourself! We’re at Harvard! We’re not supposed to think about this stuff, we’re supposed to lead!

UNIDENTIFIED VOICE 1: You’re right. You’re right.

UNIDENTIFIED VOICE 2: And you’re lucky your dad’s a banker. Mine is a college professor. All of this Gaza stuff hit him really hard. He didn’t know which side he was supposed to be on. We had to have him institutionalized.

END EXTRACT

** Rob Long, “The Long View”, National Review, June 2025, at https://www.nationalreview.com/magazine/2025/06/document-extract-surveillance-transcript/

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Again, the Dave Smith and Douglas Murray debate on the Joe Rogan Experience is linked below. Enjoy.

RGraf

The Golden State’s War on the Outs by the Ins

* Please watch the interview with Jennifer Hernandez, environmental law and land use expert and former chair of Holland & Knight’s West Coast Land Use and Environmental Group, for insights into the California housing crisis. You’ll be captivated by what she has to say.

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I am a native Californian and was a resident until retirement (2015). Why did I leave? Yes, I did not like the now entrenched and hard-core collectivism of the state. The lurch to the left, and in many cases the far Left, and the one-party monopoly on power, were serious problems for me. But then it dawned on me that all of it was popularly chosen. I was actually fleeing the state’s electorate.

These electoral choices had real world, smack-you-in-the-face repercussions. On many subsequent trips to the coast in the course of my long life in the state (mostly raised in Santa Maria), I noticed something that is really evident to some extent across the country, but is hyper-visible in California. The $70,000 sports car, homes, and the trails on the bluffs above the crashing waves are occupied by the grey-haired. Far more recuperations from hip surgery are evident than the paddle of little feet and strollers. Much of the area is a retirement home writ large.

The ritzy enclaves have a few scattered elementary schools, but I don’t know why. Grey hairs have declining fertility. The young ones are a rarity. Then it dawned on me. The state has chosen, through long-established popular consent, feudalism and its manorialism. Governance is feudal with a ruling and privileged generational “nobility” in a one-party state, and socially and geographically it is markedly divided into exclusive zones protected by gates and walls in some cases and a bevy of law, red tape, regulations, and a labyrinth of agencies in most others – the manorialism. The upshot is a favoritism for those who already have theirs – the Ins – and a suppression of the dreams of the striving – the Outs. Age wise, on the ground, it shows as the grey-haired in their seaside villas and in the driver’s seat of the $70,000 Corvette, while crumbs are left for blue-collars and the young with families.

Frankly, I couldn’t stomach it any longer. It’s more than political. It’s immoral. Each election was an episode of bashing my head against the wall. Nothing changed, and only got worse. Self-harm is not part of my psyche; so, I fled the state’s electorate.

“Socialism is the feudalism of the 19th century”, a quote loosely attributed to thinkers far afield as Adam Smith and Karl Marx and Friedrich Engels (see #1). A modern reformulation of the quote would read, “Socialism is the feudalism of California of the 21st century.” A heavily socialized economy, and oriented political system, produce a few winners (Ins) who have constructed the means to protect what they have acquired and enjoy at the expense of the Outs, the young seeking upward mobility.

At the top of the list of causes is the infatuation with environmentalism, a freezing in amber of the natural setting, with its continual invention of new eco-crusades such as climate change. Agencies, regulations, laws and lawsuits are exploited to preserve their playground by targeting the biggest threat, new housing. It’s been happening for decades.

The Boomers went from the Summer of Love and Dead Heads to nest eggs, great hiking opportunities, and fireplaces beside bay windows overlooking the ocean. The fallout was a housing shortage for the most vulnerable, the young who need the economy to grow to make room for them. That’s not compatible with the vision of the good life as defined by the eco-fatuations of the one-party state’s political constituencies: white-collar public sector unions; the keyboard demography (in Hernandez’s words) of entertainment, the education establishment, financial services, administration of all kinds, and Silicon Valley; and the litany of government-loving and ever-evolving transgressive victims’ groups who are closely allied to the above. Mom and dad and kids, and people who make things in the trades, have no place in this world. They are an afterthought.

A civilizational legacy is similarly an afterthought. No realistic consideration is given to the needs of future generations. The kids are ignored. The way that life is constructed in the state resembles a looting expedition. Use it up; let it crumble; I won’t be around anyway. Sucking it up so the young have opportunity and the simple necessities like shelter is inconceivable for those who already have theirs.

It’s not that this generational California aristocracy doesn’t care; it’s that they don’t know how to care. Their beloved command society which created the mess, and is geared to preserving their assets, is now directed to solve the housing crisis by of course . . . command. They actually think that more commands, diktats, will grant to the serfs what they need and not threaten their loot and position. Stack the plebes in “five-over-ones” (five floors above the parking) in $1 million units at a cost of $8,500 in monthly rent, all made “affordable” by subsidies, in a few plots limited to “transit corridors”. Commanding “affordable housing” doesn’t mean that it happens. No one can afford it, not the taxpayers nor the beneficiaries. It’s a joke. Don’t think for a moment about pruning the eco-zealotry or the NIMBY access to the Leviathan and their supportive nest of eco-vipers.

The return of a housing free market would be a godsend. Standing athwart is the enemy of free markets, big government. In an all-expansive state government, such as in California, the rats scurry about exploiting cracks and openings in the mammoth governmental maze to halt development, forever on the lookout to quash their hated “sprawl”, or anything that can endanger their property values or vistas. This is popular sovereignty, of a sort, but one with an open hostility to property rights. Their notion of property rights is their property and their “right” to extend a sphere of control that encompasses miles beyond their deed.

They succeeded beyond their wildest dreams, and it shows in ungodly housing prices, which is great for them but an impenetrable iron curtain for anyone stretching to reach for the next rungs to the good life, usually the young or anyone with insufficient funds to break into the exclusive club. Besides being a boon for U-Haul, this colossal regulatory contrivance is symptomatic of a solipsistic personality (very self-centered or selfish), a character flaw, written into the mode of governance. Imagine that, a character flaw as a governing principle.

The maiming of the housing supply is only one avenue for solipsism to sprout. It’s no secret that the huge majorities in the state are elated about not giving the young the slightest chance for a slice of the American dream by preventing them from exiting the womb in the first place. Abortion is wildly popular. But honestly, post Dobbs, the inner abortionist has been unleashed almost everywhere, even in red states (Montana, Ohio, etc.). However, a special ecstasy for it thrives in California. They’ve proudly legislated themselves as a “sanctuary” for ending unborn life.

Not only that, they are an official “sanctuary” for the young who managed to avoid the suction tube at the start of their life to mutilate themselves in “sex transition”. Those governing super majorities actually believe that they can outlaw chromosomes, or at least by law declare them subordinate to an adolescent’s erratic emotional state. It’s breathtaking, and shocking, shocking for parents made powerless in the face of government functionaries who are empowered to nurse and coddle the vulnerable and impressionable behind the backs of those who brought them into the world.

The whole state appears to be in an open state of war against the young, or anyone in those family-formation years clawing a path to the good life. The state is a bloody gauntlet for the young and blue collars, the Outs. And guess who is holding the clubs? Why, of course, it is the Ins. It’s more than a collectivistic state. It’s a solipsistic one. The two go hand in hand.

RGraf

Sources:

1. A general history of the statement is explored in Britannica at “Feudalism: Development in the 19th and 20th centuries” at https://www.britannica.com/topic/feudalism/Development-in-the-19th-and-20th-centuries

Please, Leszek Balcerowicz, Rescue Us from Ourselves

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Leszek Balcerowicz

Who’s Leszek Balcerowicz? He was Poland’s Finance Minister in the country’s first non-communist government, then served twice as Deputy Prime Minister (1989–1991, 1997–2001) and as Chairman of the National Bank of Poland (2001–2007). He and his wife of 47 years, Ewa Balcerowicz, are economists. He oversaw Poland’s economic reforms from communist collectivism to free markets and democratic capitalism. By all accounts, it worked, while it failed in Russia, possibly owing to Russia’s penchant for sclerotic autocracy and state-empowered cronyism (let’s leave that for another time).

Why bring him up? He is the counterpoint to Trump and his bunch, the Fox News stable grafted onto the executive branch. I doubt seriously that Americans voted for isolationism and protectionism. Tariffs and withdrawal from the world didn’t show up in any polls of the public prior to November 4. Yet, those are what we are getting. Reluctance to defend the international order is evident in stories of Trump’s people pressuring Israel not to strike Iran’s nuclear facilities and some voices in the administration expressing a willingness to cut Ukraine and NATO adrift. Protectionism is the sole remaining root for Trump’s tariff war on the world after every other explanation is reduced to incoherence. Balcerowicz’s story is a fresh breath of sanity in our domestic maelstrom of security and economic claptrap.

Balcerowicz faced a tall order in 1989 with the collapse of Poland’s communist regime. Collectivism, once begun, is like drug addiction. The recovery is hell, but eventually a healthier person is restored. Free market “shock therapy” was initiated, tough times ensued, Poland stuck with it, and today Poland is rivalling Japan in per capita income. It’s a lesson well worth remembering as we lurch toward Trump-inspired collectivist protectionism.

Heck, we can’t even reform our bankrupting entitlements (Social Security, Medicare, Medicaid) without a political bloodbath. Trump promises to do nothing about them, and is trying to centrally plan his autarkic economy through his “most beautiful word in the English language”, tariffs. Businesses are watching as their decades-long economic arrangements are hammered into rubble and markets tumble.

A marked contrast is Poland. Per capita (per person) GDP is a good measure of economic health. In 1990 it was Brazil-sized at $12,810, $4,000 behind Mexico’s. In 2023 it stands at $43,585, a mere $2,500 short of Japan’s (see #1). Japan, once the darling of industrial-policy Democrats with its state-management in The Ministry of International Trade and Industry (MITI), and an unacknowledged centerpiece of Trump’s economic outlook, has flatlined for three decades. Demographically, it is in the midst of social suicide with a 1.20 fertility rate, and now with an economy to match. Trump is eager to repeat the performance with his own MITI run out of the White House and his executive orders, something akin to imperial decrees.

Hedgeye - Cartoon of the Day: Tough Times In Tokyo

Oh, 2026 is the year that Poland is projected to surpass Japan in per person wealth. Barring Trump dragging the world’s economy into the toilet, aka 1930, the future looks bright for a country near the front lines abutting Putin’s horde. Not so for us.

Poland shows the way forward, not Donald Trump. If only the Republicans had the guts to study the career of Leszek Balcerowicz. Instead, as they play footsie with Donald Trump, the tumbling securities markets forecast dark clouds. Sure, bear and bull markets do not always presage a nation’s future fortunes, but sometimes they do. All the elements of serious economic disruption are present: massive government meddling, Trump’s demand for irresponsible monetary policy to cover his tracks, shattered business relationships, mammoth uncertainty, and the beginning of the pullback of capital. If capital goes into hiding, we’re in serious trouble, Great Depression territory.

In the runup to our near future expect the demagoguery of all the Wall Street vs. Main Street blather to take center stage. The class warfare of J.D. Vance links rhetorical arms with AOC/Bernie Sanders. Is it all that inconceivable for our Vice-President to show up at AOC’s next “Fight Oligarchy” rally? One has to wonder. They might have to change the title to “Fight Wall Street”. Mmmmm, “Occupy Wall Street”? Are we there yet?

AOC chimes in after JD Vance refers to Kamala Harris as 'trash' | Fox News

A simple economic lesson will be taught to our President and his palace coterie, while the rest of us live it. Wall Street and Main Street are as intertwined as Ford and its supply chain. They can’t occupy insular realms, bubbles, silos. A withholding of capital sets off dominoes that careen onto Main Street. Investors seek to avoid Trump-driven risks by not exposing their wealth (capital) to his whims. Following the inevitable chain of events, less capital means less maintenance and growth of enterprises which translates into less business for the diner and hardware store on Main Street.

It’s a lesson well understood by any economist worth their salt. Thank goodness Poland trusted theirs, led by Leszek Balcerowicz, and stayed the course. We, in America, would rather hitch our wagon to our erratic president, and his merry band of Fox News alumni, all adhering to his faulty presumptions. It’s great for Poland, bad for us.

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RGraf

Sources:

1. Thanks to Dominic Pino of National Review for these insights in “The Stat: 2026” in National Review Magazine, May 2025, p.9.

Car Enthusiasts, Your Life Is About to Change for the Worst

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Ford 2021 Bronco SUVs on the assembly line at the Michigan Assembly Plant in Wayne, Mich., June 14, 2021. (photo: Rebecca Cook/Reuters)

Sometime in early 2027, President Trump will probably be impeached . . . again. Why? When the party in power botches things, they’re normally punished at the polls — “It’s the economy, stupid!” Inflation, shortages, business closings, people thrown out of work, recessions/depressions, etc., won’t make for a winning message. That bodes ill for the already impeachment-prone Trump, leaving aside the question of the legitimacy of any effort to remove him from office.

People are already lining up to do the favor, or predicting it. The reliably extremist Democrat Al Green (the one removed for disrupting President Trump’s March 4 speech to Congress) announced in February (see #1), “This president is unfit.” Further in the well of the House he said, “I rise to announce that I will bring articles of impeachment against the president for dastardly deeds proposed and dastardly deeds done.” Longtime Trump ally Steve Bannon agrees. Four days after the November 4 election, Bannon augured (see #2),

“Hakeem Jeffries could be, will be, the speaker of the House in two years. And the first thing he will do in the early days of 2027 is move to impeach Donald Trump. Trust me. They’re gonna put $10 billion in back of him [to take the House]. They have nobody else.”

Trump is behaving in ways to prove them right. People vote their pocketbook. It’s more than a cliché. It’s true. Stake out a position that leads to harming the voters’ children and personal fortunes and they will send you packing. Biden and Kamala Harris, et al, are proof of concept. Trump is determined to join them.

I can’t think of a more politically self-destructive act than laying waste to a good portion of the economy just in time for the 2026 midterms. His tariff war – 10% across the board, 25% on our neighbors, potentially sky high on everybody else, and the concomitant uncertainty from all the flip flops – will wreak havoc on everything, maybe with the exception of most food processing. We’ll have food, but to hell with an affordable car, or truck, or SUV, or van, or 18-wheeler, if you can find one. Expect long lines at the grocery store filled with people holding food stamp (SNAP) EBT cards.

To bring home the consequences of the Trump foolishness, let’s just take a look at the rear undercarriage of an “American-made” SUV as it passes from the U.S. to Mexico, to Canada, and back to the U.S. The inputs for just the suspension strut towers go from Pennsylvania to Coahuila, Mexico, to Livonia, Michigan, for final assembly. The differential gearbox begins with aluminum from Quebec, then to casting in Coahuila, then for machining in Ontario, Canada, and then to North Carolina for assembly. The rubber bushings for the control arms starts with synthetic rubber from Monterrey, Mexico, and then to Iowa for their attachment to the control arms. The suspension’s cradle is from Kentucky, and other pieces such as the trailing blades and brackets emanate from Kentucky, Ontario, and Puebla, Mexico.

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Assembly of the various parts into a rearend occurs at Vaughan, Ontario, and Detroit. Then it is rushed to Kansas City, Mo., Fort Wayne, Ind., and Windsor, Ontario, etc., for attachment to the final product. Under Trump’s tariff regime, the final product will be hemorrhaging blood from his tariffs. It’s insane.

Why the circuitous route? Doesn’t it seem unnecessarily complicated? Those questions would arise from your typically myopic and autarkic central planner, people like Peter Navarro and Donald Trump. This process pencils out in terms of value-added and cost-benefit according to the people with skin in the game. That’s what a market does when allowed to operate freely.

Why not just disentangle the various paths and make it all occur in the U.S.? Go ahead and try. Uprooting the suppliers and their plants will come at a terrible cost and take years. In the interim, people will be going to the polls to vote against the wreckage. The complexity of disentanglement was nicely expressed by Flavio Volpe, president of Canada’s Automotive Parts Manufacturers’ Association, when he compared it to an omelet: “You can’t unscramble it once it’s done.”

Trump is Don Quixote charging windmills. Biden wanted to shove us into very expensive golf carts masquerading as family sedans. With Trump, even that screwball option may not be available. I don’t know about you but I’m keeping my 10-year-old Tundra and 9-year-old Venza. Buying new ones is likely to be a nightmare. Expect the entire auto industry to pull back as well. Now that’s the making of economic hard times.

Will the Democrats finally succeed in adding Donald Trump’s scalp to their lance this time? Well, as they say, third time is the charm.

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RGraf

Sources:

1. “Donald Trump Faces New Impeachment Bid After Speech to Congress”, Martha McHardy, Newsweek, 3/5/2025, at https://www.newsweek.com/donald-trump-impeachment-al-green-2039765
2. “Steve Bannon Warns of Potential Third Donald Trump Impeachment”, Aila Slisco, Newsweek, 11/8/2024, at https://www.newsweek.com/steve-bannon-warns-potential-third-donald-trump-impeachment-1983079
3. Thanks to Ryan Mills of National Review for his piece “North America’s Auto Supply Chain Took Decades to Build. Trump’s Tariffs Could Crush It” at https://www.nationalreview.com/news/north-americas-auto-supply-chain-took-decades-to-build-trumps-tariffs-could-crush-it/

The Pity Party Is Getting Tiresome

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President Donald Trump holds a “Foreign Trade Barriers” document as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., April 2, 2025. (photo: Carlos Barria/Reuters)

“Lies and victimhood make evil possible.” — quote attributed to Dennis Prager

Well, maybe not evil, or maybe so, but lies and victimhood are certainly not a recipe for success. The Left has long been in the grip of victimhood. It’s the base alloy for its DEI, CRT, critical legal theory, and all its “systematic” ideologies that have plagued us since they became Democratic Party dogma in the 20th and into the 21st centuries. Now, the Right has its own version in MAGA. And as John Fogerty of Creedence Clearwater Revival sang, “I see a bad moon rising”.

Why the pessimism? The Right morphed from being a correction to the Left’s manias to a thoroughgoing embrace of one of their big ones, victimhood. It’s in the MAGA title – Make America Great Again – meaning that America is a victim of a dizzying array of charlatans and miscreants, foreign and domestic. It’s a recurring script, pathetic as it may be, nothing new in the history of the world.

In that sense, we are busy making ourselves not “exceptional”. It’s not inevitable. We choose to be that way by electing leaders and absorbing their dark frame of mind. Donald Trump’s tariff war on the world is a play on this depressing display of American victimhood.

What’s more, it is based on falsehoods. The villain is said to be free trade, whether under the initials NAFTA or TPP (Trans-Pacific Partnership) or GATT or WTO, and we are said to be chumps, patsies, and victims in the story. Yet, for allegedly being fools, we are outpacing the rest of the world. Trump’s “Great Again” schtick actually misses the boat, and is working feverishly to have us join the rest of the G7 in missing the boat.

Let’s count the ways. The UK, Germany, and Japan have flatlined in GDP growth for at least 5 years or more (three decades for Japan). China’s 30-year spurt of phenomenal growth is levelling off, which is not surprising since they started from essentially zero; they’re export reliant economy is highly cyclical; and the central planning of industrial policy is famous for spectacular highs followed by spectacular lows, like a meth addict. The Soviet Union had 80 years of it and it imploded in the course of a week in 1991.

As for “Great Again”, we are already great and getting greater as the others languish. So says The Economist in its October 2024 report titled, “The American economy has left other rich countries in the dust” (see #1). How so? At the start of NAFTA, we were about 40% of total GDP of the G7 countries. Today, we’re 50%. Globally, we were 21% of the world’s economy in 2012; today finds us at 26%.

Personal measures of wealth show us to be unsurpassed. Back to The Economist (see #1 and #2), “Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.” We’re also more productive per worker. Canada’s is 70% of ours. China is a third (and falling). If this makes us “chumps”, we should pray for the condition to continue.

So, Trump’s answer is a tariff war on the world and more caterwauling about our victimhood. Go figure. On April 2, he marched up to the microphone waving a piece of agitprop titled “Foreign Trade Barriers” as if any of it matters. Ironically, these alleged foreign government manipulations of trade haven’t made them any richer as we sailed past them. “Foreign Trade Barriers” is irrelevant in the big yacht race of life.

Trump and MAGA world can’t accept the fact that our economy is different, as different as our 1890 economy was from colonial times. Ag shrunk dramatically as a slice of the American economy back then, so an 1890 Trump and Peter Navarro (Trump’s sage of trade) would be running around pushing William T. Sherman’s “40 acres and a mule” as a plank in their “Make America Great Again” campaign. To heck with Rockefeller, Carnegie, Vanderbilt, and Ford; and to heck with 21st-century Navarro’s craze for manufacturing. It would have been stillborn if this dynamic duo had their way at the dawn of American global economic dominance.

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Peter Navarro at the White House

21st-century America isn’t a manufacturing basket case. The value of our manufacturing is larger today than it was 1990. We just employ fewer people as we manufacture more higher-end goods. As Rich Lowry puts it in his piece (see #2), “As we have lost jobs in manufacturing (5 million since 1990), we’ve picked them up in services (nearly 12 million) and in transportation and logistics (more than 3 million).” More tech and aerospace and less textiles and shoes. Those service jobs don’t concentrate around the burger-flipper sector. If they did, they’d be the most expensive burger-flippers since Ray Kroc, since the birth of the Whopper, that is Wagyu-paddied Whoppers.

Trade barriers or no, the proof is in the pudding. But Navarro doesn’t eat pudding, at least not the kind of pudding produced by our economy.

Navarro, Trump’s buddy in protectionism, has always been a loud advocate of central planning, government management of economic activity, in its reincarnation in Democrat neo-socialist “industrial policy”, and more. Before he joined the Trump circus, Navarro was part of the emerging California Democrat “establishment” in the 1990s that would come to dominate the state down to the present day.

By 1998, the Democrat tone for California was set in the words of people like Navarro (see #4). Eco-manias and growth-control was the zeitgeist of his campaigns for elective offices in San Diego in the 1990s. He headed an activist group called “Prevent Los Angelization Now (PLAN)”, of San Diego, and pushed almost any measure at hand to restrict the housing supply, such as preventing migration into the city, growth-control ordinances, tight controls on sewer and water hookups, fees, fees, and more fees, etc. It’s a familiar story that began in Petaluma in the 1960s and spread up and down the state’s populous coastal plain.

Navarro was hip deep in branding the word “developer” as something akin to “child molester”. Without his type of apparatchiks at the helm of local government power, according to Navarro, developers “will leave air pollution, overcrowded schools, underpoliced streets, sewer systems bursting at their seams, and traffic jams that can (and often do in California) make grown men cry.”

Today, Californians are crying, despondent over their inability to afford shelter and having to flee to other states not so beholden to the California Navarros. California has a serious housing shortage, duhhh! Getting approval to nail two studs together is a nightmare in the state. Decades of hostility to supply has attracted some roosting chickens. The chronically constrained supply has propelled the median rent in the state to $2,850, 33% higher than the national average (see #5).

Navarro’s legacy is Democrat Assemblyman Corey Jackson of Riverside. Jackson recently proposed a bill that would allow college students to sleep in their cars because many can’t afford California rent (see #7). People that think like Navarro have engineered a housing market that has relegated students to their cars. Expect student parking lots to resemble homeless encampments. What Navarro helped to bring about in California, he promises for the entire nation when Trump assigned to him the role of influencer to tinker around in the nation’s economic relations with the world.

It’s not that Trump is unaware of Navarro’s inclinations. He agrees with Navarro. Trump and Navarro have a childlike zero-sum view of the world. Bill Fulton, former head of San Diego planning, noticed the symmetry between Trump’s view of trade and slow-growthers like Navarro (see #3): “More development creates losers as well as winners, so you’d better box out the bad development or at least make those developers pay through the nose.” A rising tide raising all boats, or a growing pie that unavoidably means bigger slices for everyone, is inconceivable to someone like Navarro. Thanks to Trump, Navarro has the opportunity to muck up the nation’s economy like he helped to do for the housing supply in California.

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Steve Bannon

And he’s doing it along with another fellow traveler in MAGA world, Steve Bannon. Navarro wants to centrally plan trade with his beloved tariffs. Bannon wants to bash the rich with tax increases. Here’s Bannon (see #6):

“That’s why it’s so important to not extend the tax cuts for the wealthy and actually do more tax cuts for working class people. We do this, that is a fundamental shift politically that will cement in the foundational elements for a 1932-type realignment.”

Update to Steve Bannon (see #8): the top 20% of income earners pay 83.6% of federal income taxes. As for the bottom rungs straying into the middle and working classes, the bottom 20% only get money out of the system. Their income tax rate is negative, -4.3%. The next 20% from the bottom pays essentially 0% at 0.1%. What does Bannon want, out and out income confiscation? That would place him in the company of Lenin.

Why not just vote for Democrats? MAGA is associated with the wrong party. Bannon believes, like Navarro, like Democrats, that government can micromanage us into utopia. Bannon opines on the tips, overtime, and Social Security pandering while bashing other Republicans as follows, “He’s [Trump] furthering the economics of working-class and middle-class America, and it cements the fact that the Republicans are not the country club Republicans of the Bush junta.” So, according to Bannon and any other socialist who has graced the public stage, government is the fount of all good things, and no need to pull the rug back on a ravaged housing supply and American economy as they feed The Wealth of Nations and Reaganomics into the shredder.

Such is the nature of Populism. It is the repository of crackpots, of anyone who wishes to steer government bennies to favored victims, while making real victims of those seen in a lesser light. Now we see the real home of zero-sum and it is in city hall, the state capitol, Washington, D.C., and the myriads of agencies and government offices scattered across the fruited plain. A favored few demographics are rewarded at the expense of the vast millions. None of it works, and results in the loaded U-Hauls exiting California and thousands thrown out of work by enterprises starved for capital and nonfunctioning supply chains.

Senator Russell B. Long put it best when he said in 1973, “Don’t tax you, don’t tax me, tax the fellow behind the tree.” Welcome to the Populism of Peter Navarro and Steve Bannon, and the erratic and incoherent Donald J. Trump.

It’s more than Populism that ties them together. It’s the pathetic wallowing in victimhood. It blinds a person to a reality that isn’t as dismal as these lunkheads make it out to be. It heaps blame on others and diminishes personal responsibility. In a nutshell, it is as Dennis Prager put it, “Lies and victimhood make evil possible.”

Yes, the pity party is getting tiresome.

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RogerG

Sources:

1. “The American economy has left other rich countries in the dust”, Simon Rabinovitch and Henry Curr, The Economist, October 14, 2024, at https://www.economist.com/special-report/2024/10/14/the-american-economy-has-left-other-rich-countries-in-the-dust
2. Thanks to Rich Lowry for bringing these insights to my attention in “Guess What? We’re Already Rich”, National Review, 4/15/2024, at https://www.nationalreview.com/2025/04/guess-what-were-already-rich/
3. “How San Diego’s housing wars helped Peter Navarro shape Trump’s trade wars”, Andrew Keatts, Anxios, 4/15/2025, at https://www.axios.com/local/san-diego/2025/04/15/san-diego-housing-war-peter-navarro-trump-trade-war-tariff
4. Check out Peter Navarro’s own words in his “Peter Navarro fights Lynn Schenk, Susan Golding, Nancy Casady to run for Congress”, authored in 1998 during his run for Congress, at https://www.sandiegoreader.com/news/1998/apr/23/san-diego-confidential/
5. “Rent drives up California’s cost of living”, Lynn La, Cal Matters, 8/2/2024, at https://calmatters.org/newsletter/california-cost-of-living-rent-increases/
6. “Republicans Weigh Raising Taxes on Highest Earners”, Audrey Fahlberg, National Review, 4/15/2025, at https://www.nationalreview.com/the-morning-jolt/republicans-weigh-raising-taxes-on-highest-earners/
7. “California Bill Proposes Letting Students Sleep in Cars On Campus”, KFI 640 AM, 4/14/2025, at https://www.msn.com/en-us/news/us/california-bill-proposes-letting-students-sleep-in-cars-on-campus/ar-AA1CTKhM
8. “Is it True the Rich Don’t Pull Their Weight When it Comes to Paying Taxes?”, Amelia Kuntzman and Sara Wagoner, Economic Policy Innovation Center, 4/14/2025, at https://epicforamerica.org/federal-budget/is-it-true-the-rich-dont-pull-their-weight-when-it-comes-to-paying-taxes/
9 Much thanks to Dominic Pino at National Review for his socioeconomic breakdown of tax receipts in “Top 40 Percent of Earners Pay Nearly All Federal Income Taxes” at https://www.nationalreview.com/corner/top-40-percent-of-earners-pay-nearly-all-federal-income-taxes/

Our “Genius” President at Work

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President Donald Trump reacts as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., April 2, 2025. (photo: Carlos Barria/Reuters)

In a career in the public eye, Donald Trump hasn’t hesitated to brag about his IQ. In 2013, he posted on Twitter (see #1), “Sorry losers and haters, but my I.Q. is one of the highest -and you all know it! Please don’t feel so stupid or insecure, it’s not your fault.” He’s repeated it often enough to not dismiss it as just a joke.

Which brings to mind Stephen Hawking’s quip about IQ braggarts (see #3): “People who boast about their I.Q. are losers.”

The fact of the matter is, no one, not even Donald Trump, knows his IQ. I can only conclude from his abundant public utterings that this is no “genius” at work. He may have some competence in a particular narrow field, but he is ill-informed or filled with coarse opinions outside of it. Typical of this form of Trump-speak is today’s jewel (4/7/2025) from Truth Social (see #4):

“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past ‘leaders’ are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!”

What is Donald Trump's IQ? Here's how the president's boasts of his intelligence stack up ...

Here’s a few takeaways. This is no “genius” at work. Declaring victory in his trade war against the world is a bit premature, only 4 days after he declared economic war on the world. Interesting side note: Where’s Congress as the president on his lonesome declares a trade war against the planet?

The purpose of tariffs is to punish foreigners and American consumers, not to rake in “Billions of Dollars” for subsidy boondoggles or to make the tax cuts and the tax-free tips, overtime, and Social Security pandering pencil-out for the Congressional Budget Office. As is likely, the overall economy will take a hit when the economic casualties from the trade war roll in: all tax revenue starts to slide, and business and personal spending begins to crater. Not more money but less is in the offing.

Littered throughout in this piece from the “genius” is the pathetic complaints of the constantly aggrieved, America as a victim of the entire world. If this came from one of my children, after the tantrum, I’d send the kid to their room after a serious come-to-Jesus moment. Instead, we make the guy president.

It says a lot about us, or does it? People vote for a person for any number of reasons. Nowhere, not in any pollsters’ surveys were tariffs on the list of most serious concerns of voters. It is for Trump, and they are a key to his understanding of the world. We weren’t necessarily bamboozled. We heard the tariff talk, but relegated it to the back of our mind, reminding ourselves of the pre-pandemic Trump I and the wreckage left by the Dems. We didn’t vote for Trump wreckage.

Trump may think himself a “genius”. Instead, what we got was your average, run-of-the-mill big blowhard. I’ve experienced such people throughout my life. You’ll find them in locker rooms, bars, among friends and family. We just happen to have one in the Oval Office. And he’s making us look pathetic. MAGA must be replaced with MAPA, Make America Pathetic Afterward.

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RogerG

Sources:

1. This Trump IQ braggadocio can be found on X at https://x.com/realdonaldtrump/status/332308211321425920
2. More occasions for Trump’s bragging can be read at “Donald Trump’s IQ obsession, in 22 quotes”, Chris Cillizza, CNN, 10/10/2017, at https://www.cnn.com/2017/10/10/politics/donald-trump-tillerson-iq/index.html
3. The Hawking quote can be read at https://www.socratic-method.com/quote-meanings/stephen-hawking-people-who-boast-about-their-i-q-are-losers
4. This example of Trump braggadocio can be read from his Truth Social account at https://truthsocial.com/@realDonaldTrump/posts/114296287858068040
5. Thanks for the insights from the inestimable Jim Geraghty of National Review at https://www.nationalreview.com/the-morning-jolt/why-team-trump-is-so-gung-ho-about-tariffs/

Trump II Is Biden’s Second Term

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Then-President-elect Donald Trump walks with Then-President Joe Biden at the White House on the inauguration day of Donald Trump’s second presidential term in Washington, D.C., January 20, 2025. (photo: Nathan Howard/Reuters)

Remember the Biden Left’s attempt to paste “greed”, “price gouging”, “greedflation”, and “price fixing” on the broad price jumps during his time in office? Biden’s head of the Federal Trade Commission, Lina Khan, threatened FTC investigations and prosecutions for the assumed price gouging. Well, the little girl in front of the snowy tv screen in the movie “Poltergeist” put it best when she said, “They’re baaaack!” What’s baaaack? The Biden-type threats of investigations and prosecutions of American businesses for legitimately responding to price signals, this time by Trump and his people.

The scrambling by American businesses to reconstruct their elaborate supply chains and respond to Trump-induced demand pressures for wholly American-made goods and services will force our enterprises into a completely untenable position. Prices will have to rise, sometimes quite dramatically, to recover the costs of this increased burden or face serious economic injury. Businesses are in the jaws of the vice: crippling costs and Trump threats.

So, here comes the Bidenesque threats. On X, Andrew Ferguson, Trump’s FTC Chairman, posted this:

“President Trump is reorienting our nation’s economy to put Americans first. As we adjust to the new economic order, the @FTC will be watching closely to make sure American companies are vigorously competing on prices. These necessary tariffs should not be interpreted as a green light for price fixing or any other unlawful behavior. We will always protect American consumers.” (See #1)

Notice the continuity of jargon – “price fixing”? Notice the central planning instinct – “new economic order”?

Ferguson Joins, Restarts FTC Case Targeting PBMs Over Insulin Pricing
Andrew Ferguson, FTC Chairman
House Republicans Subpoena FTC Chair Lina Khan Over Twitter Investigation - Bloomberg
Lina Khan, Biden’s FTC Chair

And this on top of Trump’s earlier verbal dagger directed at auto CEOs to not raise prices in the wake of his auto tariffs. It came through a conference call with auto execs in early March (see #3).

Trump and his people are unintentionally acknowledging that his beloved tariffs are economic disasters. He may succeed for a time in dampening prices in sheer totalitarian intimidation, but the severe costs of monumental dislocation will ooze out anyway. Don’t expect “onshoring” to save our bacon. It may occur to some extent but it won’t make up for the massive losses throughout the broad reach of the economy. Save 1,000 jobs by sacrificing 75,000. GDP won’t grow in spite of the “onshoring”. It will fall and then stagnate. That’s the lesson of the 1930s.

On one thing, Trump was completely honest when he said, “I couldn’t care less if they [the auto companies] raise prices . . . .” It’s the mindset of a central planner. Do you think for a moment that Stalin cared about the individual Russian peasant or worker in his collectivization of agriculture into communes (“kolkhozes”) and the “Industrialization” of his Five Year Plans? Trump’s response is what one should expect from the emotionless gaze of the zealous ideologue with great power. Trump is a doctrinaire utopian, and that puts him in the same league with the eco-totalitarians of the Green New Deal.

You didn’t know it – me included – but you may have voted for Ross Perot (reincarnated, of course) and his Reform Party when you checked Trump’s box on the ballot. The tariff fetish was central to Perot and his Reform Party, and that’s where we found Trump in the 1990s and early 2000s. It’s where we find him today.

Is Donald Trump the New Ross Perot? - D Magazine
Trump and Ross Perot

Yep, Trump is a “disruptor”, as Lenin and Stalin were before him. The 20th century was littered with them. Sadly, it seems to come with so-called “change-agents” of whatever stripe.

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RogerG

Sources:

1. FTC Chairman Andrew Ferguson’s threat can be found on X at https://x.com/AFergusonFTC/status/1907864397822787768
2. Thanks to Andrew Stuttaford for alerting me to Ferguson’s X post in “Tariff Tales: Borrowing from the Biden Playbook?” in National Review’s The Corner of 4/5/2025 at https://www.nationalreview.com/corner/tariff-tales-borrowing-from-the-biden-playbook/
3. “Trump Warned U.S. Automakers Not to Raise Prices in Response to Tariffs”, Josh Dawsey and Ryan Felton, Wall Street Journal, 3/27/2025, at https://www.msn.com/en-us/news/politics/trump-warned-us-automakers-not-to-raise-prices-in-response-to-tariffs/ar-AA1BOeKQ

The Death of Our Republic?

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Trump and his tariff executive order, April 2025
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Clash between Trump supporters and the radical Left in Washington, D.C., December 2020

Shakespeare wrote “Julius Caesar” around the turn of the century, 1599 or 1600. In a story that loosely shadows the rise and fall of Julius Caesar, the Bard of Avon presents a tale of hubris, sycophancy, cowardice, and vengeance. The timeline went from “crossing the Rubicon” to the “Ides of March” – “Et tu, Brute” – “Even you, Brutus”. The real story is one of overweening ambition for fame, glory, and power, a chief feature of the politics of the late Roman Republic. The Roman Senate had begun to neuter itself in destructive and self-negating factions. When it finally rose up, it was too late. In the end, after the ascension of Augustus, the empty shell of the republican form was kept, but the reality was an empire with an emperor, an emperator, an autocrat.

Was the rise and fall of Julius Caesar really the end of the republic? Actually, it could rightly be argued that the crisis had been building over the prior century in occasional civil wars and dictatorships. So, a single break point can be difficult to perceive. Murkiness is a constant problem in historical analysis. Nonetheless, a well-trodden path is discernable, and a superficial facade of government took shape. Are we there yet?

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Emperor Augutus presiding over the Roman Senate

Appearances matter, but are false. Stalin’s Constitution of 1936 was an exemplar of consensual governance and personal rights, in print form only. The reality was clearly different, as exemplified by the NKVD, purges, and a vast gulag archipelago. Adolph Hitler ruled under the emergency provisions of Article 48 of the democratic Weimar Constitution. He had no other constitution. He combined the executive offices of chancellor and president unto himself under an Article 48 “emergency” (the 1933 Reichstag fire, the “Jewish Menace”, the “Red Menace”, etc.) and he was off and running. Are we there yet?

“Emergencies” abound in these scenarios, and are frequently conjured, or grossly exaggerated, for political gain. Is America following a similar arc? Our arc could be said to have begun with the rise of a political movement, Progressivism, with a lot of late 19th century Populism thrown into the mix. The “messiness” of real consensual government with its localism, smelly back rooms, federalism, separation of powers, and checks and balances was thought to be in need of streamlining by a strong chief executive and his administration of “experts”. Theodore Roosevelt and Woodrow Wilson laid out the rationale and FDR raised it to an art form, followed by a host of Democrats from JFK and his “best and brightest” (mostly Ivy League grads), LBJ, Jimmy Carter, Bill Clinton, Barack Obama, to Joe Biden. And, now, the Republicans add their own entrant to the list in the person of Donald Trump.

Congress delegated the tariff power to the president in “emergencies” – the International Emergency Economic Powers Act (IEEPA) – and sealed their fate by allowing him to define it. The seed was sown and our arc proceeded. A prior Republican president toyed with emergency-autocracy – Nixon and his wage-and-price controls in the “Nixon Shock” of 1971 – but none operated with such brashness and bravado, completely ignoring the legislative branch, as Donald Trump did in his edict of across-the-board tax increases, his tariff taxes on the world, literally the world. It’s breathtaking.

Congress is only left with a veto. But Congress is a shell of its former self, as the Roman Senate was in confronting Sulla or Julius Caesar. One faction, Trump’s fellow Republicans, have mostly fallen into Trump sycophancy (Caesar sycophancy?) and will prevent Congress from reasserting its Constitutional powers. A few Senate Republicans bucked the toadyism and voted with the minority Democrats to approve a resolution opposing the prior tariff edict on Canada. The House leadership, all Republicans, stonewalled the move to condemn Trump’s imperial decree. Thus, the proposal was relegated to irrelevancy. Evenly divided between Caesaristic sycophancy and neo-Marxism, Congress has cancelled itself.

The irony of it all is that the Democrats are not a responsible alternative. The picture resembles the street scenes of Berlin in 1920s Weimar Germany. Patriotic German war vets faced off against the Bolshevik-inspired Reds in street battles. Many vets were drawn to ultra-right rhetoric and its mythology of victimhood about the war (WWI) while the Reds were excited for headway in the international proletarian revolution. Today, the choice facing Americans is between neo-Marxism (the Democrats) and a mythology of perpetual American victimhood (the Trump Republicans).

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The German Freikorps of the Right in 1920s Berlin
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The Roter Frontkämpfer-Bund, the paramilitary of the Reds in Berlin, June 1927

The victimhood angle of the ultra-right in Germany – the “stab in the back” legend – strikingly parallels the trade victimhood of the Trump Right. Victimhood sold well in 1917 Russia, 1920s and 30s Germany, and apparently so in America of the 21st century’s third decade. Victimhood is embraced by both the left and right. Both have their competing oppressor/oppressed schticks.

History provides examples of these various appeals devolving into the leadership of a single person, the so-called cult of personality. The leader alone (Marx, Lenin, il Duce, etc.) are thought to possess the unique gifts of foresight to establish the “truth” and the “path forward”. Power accumulates in the hands of the leader and a select few around him. He is acclaimed to be the embodiment of wisdom.

Roman emperors carried the title of Augustus – exalted, venerable. Emperor was the reality, but they were construed to be the wise guarantors of the “rights” and “prosperity of the people”, and the nation’s “protector”. Their power need have no constitutional writ, but these suzerains still felt compelled to maintain the illusion of a republic.

At this point, the system falls victim to Hayek’s “knowledge problem”. Like all accurate insights into the human condition, it is rooted in human nature and thus a warning for all time. It’s a testament on how a professed victimhood can lead to a real and widespread victimhood. The movement’s scheme of centralized economic decision-making can’t work. Real functional knowledge is naturally dispersed among millions of actors in a free market. When that freedom is replaced by the “wisdom” of the one or a few, whether it be a politburo, a Soviet Gosplan, or handpicked toadies in the Council of Economic Advisers to reorder the entire world’s trading system, the wheels come off the cart. We’ve seen this play out time and time again. Well, here we go again.

Friedrich Hayek Photograph by Bettmann - Fine Art America
Friedrich Hayek

The light hand of negotiations and trade deals is replaced by the heavy hand of Trump’s tariff Frankenstein. Your friends become cynical of you, and your enemies remain as they were, with a few more joining their ranks.

An examination of Trump’s tariff monster makes this clear. Who gets hit by Trump’s tariff truncheon? Everybody, friends and foes alike; well, no, not everybody, nor evenly. Friends get especially slammed because they are friends. We trade with them a lot and therefore they run the risk of having a “trade surplus” with us. The economic munchkins running the tariff show in Trump ll are fixated on “trade deficits” and “trade surpluses”. They are all that matters to these blinkered apparatchiks.

Their magic tariff formula is based on our “trade deficit” with that country, with a 10% floor, not that nation’s tariffs. So, the much-ballyhooed reciprocity argument is made mute. Others in the media, such as Hugh Hewitt, try to act as shaman of Trump’s brain like an ancient seer reading a flock birds before a battle, trying their best to make sense of Trump’s recklessness. Reciprocity was one angle. Then it was Trump implementing the Art of the Deal. When that couldn’t hold water, national security against the threat of the CCP jumped to the top of the shrinking list of rationales. Then the tariffs targeted the world, with or without the CCP, with no guarantee that they’ll be dropped, or if they’re negotiable.

That leaves my pet theory for Trump’s tariff fetish. Look no further than Trump’s 1990s dalliance with the Perot/Buchanan Reform Party and their fixation on Perot’s “great sucking sound” (jobs lost to Mexico). Vance alluded to it – self-sufficiency – in his recent verbal fusillade directed at RedState blogger Bonchie. The word for national self-sufficiency is autarky. The ancient, primitive drive for national or tribal self-sufficiency – autarky – has fueled the lust for conquest and empire for thousands of years. The peaceful trade to fill national or tribal needs and wants is seen as less ennobling than the thrill of military subjugation. The Mongols headed south to conquer China, then the Hun bands headed west to lay waste to Russia and the Hungarian plain, threatening the Roman Empire. Operation Barbarossa in June of 1941 was emblematic of autarky in the form of “lebensraum”. 19th century colonialism rode on its back. Don’t trade, seize, and in that way achieve self-sufficiency.

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Attila and his Huns in their drive for autarky

For Trump, take the Panama Canal and Greenland, intimidate Canada into being a client state, and punish American consumers for preferring foreign goods while simultaneously terrorizing American firms from their overseas economic arrangements. Bring everybody home and lock up the country while expanding its territorial reach. Attila would be envious.

Autarky is a fool’s errand. Poor countries are self-sufficient. They never develop; they are stunted. Development requires freedom, not an empowered few implementing the errant beliefs of a hubristic leader and his claque. America under Trump is forsaking the decades-long web of peaceful and voluntary trade arrangements for the diktats of what has quickly come to resemble an imperial court. The spectacle would have been familiar to anyone given access to Attila’s tent.

The metamorphosis of the Right is shocking to behold. Former free traders when Reagan was around have morphed into full-blown protectionists in the reign of Trump. Take talk show host Hugh Hewitt. Yesterday, he announced his fealty to protectionism (4/3/2025), eliminating all pretense. The arguments are the same, old and worn out as those of 17th century French mercantilists (refuted by Adam Smith) and the central planners of the 1980s Democrats’ “industrial policy” (in opposition to Reagan’s tax cuts, free markets, and free trade). The Republican Hewitt is now a 1980s Democrat, or an acolyte of Louis XIV’s First Minster of State, Jean-Baptiste Colbert.

The operative catalyst of the flip-flop is the presence of Donald Trump. A mania builds around a person and others quickly fall in line. The Right and its media web are as busy discrediting themselves in their fealty as the legacy media in their fawning support of the Democrat Left.

Warning! Choose wisely the horse to hitch your wagon.

The big question remains. Are we now ruled by an imperator, a person powerful enough to dismantle with a single stroke of his pen the long-established and peaceful economic arrangements of millions of people? Are our choices limited to Caesarism or neo-Marxism? It seems to be so. It’s the 1920s Berlin street confrontations of extremists all over again. In such circumstances, can the republic long survive? I am beginning to have my doubts.

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RogerG

Trump’s Gosplan

President Donald Trump’s auto tariffs spark industry chaos | Gold Coast Bulletin

Gosplan? Simple. It was the central economic planning agency of the Soviet Union. It was from there that communist party apparatchiks tried to fine-tune and calibrate the Soviet economy – insular, isolated, and incompetently self-sufficient as it was. After 74 years, the whole contrivance imploded in one day, December 26, 1991. Poof! Gone! The Trump crowd is intent on imitating the game plan.

¿Qué es Gosplan? » Su Definición y Significado [2022]
Gosplan building in Moscow
General Secretary Trump declared today, April 2, to be “Liberation Day”. It’s the day when we begin to experience the joy of paying more for automobiles and auto parts. Thanks to MAGA apparatchiks who will successfully (?) fine tune our economy and trade, the workers’ manufacturing paradise will soon be upon us. “Liberation Day” will soon join “Dekulakization” (google it) in the glorious annals (?) of state planning. High hopes, but not likely.

Stalin had Lavrenty Beria as his chief cheerleader and confidante till his death. Trump has a palace coterie of them, including Vice President Vance. Trump sneezes and they immediately rush him with Kleenex boxes. The guy says “tariffs” and they say, “How high, how many?”

Nobody questions it, in spite of careers spent lambasting them as the height of central panning folly. Take a look at the venerable Heritage Foundation, a leading conservative think tank in the forefront of the Reagan Revolution. Dominic Pino of National Review lays out the duplicity in the group’s flipping from free trade to protectionism. He garnered 52 articles and reports from 1983 to 2016 criticizing protectionism and advocating free trade (see #1). Now, Heritage’s president Kevin Roberts is a fulminating protectionist:

“President Trump’s reciprocal tariffs are a tool of statecraft that can level the playing field . . . . Tragically, trade policies over the last several decades coincided with middling economic growth, stagnating middle-class wages, a mass exiting of the labor force by young people, the breakup of the American family, and decaying communities.”

Anyone who says otherwise, according to Roberts, is pasted with “globalist”. No argument, just name calling. All of it is at the behest of the glib, ill-informed assumptions of Donald Trump.

Kevin Roberts, president of the Heritage Foundation

They won’t get a dime from me.

The sycophancy is revolting. The vitriol is an insult to civility. Vance’s attack on RedState blogger Bonchie sets the tone (see #2). Bonchie questioned the wisdom of Vance’s enthusiasm for tariffs. Quickly Vance proceeded to heated jargon by tarring opposing views as “braindead liberalism”. Then came the American victimhood spiel. Go ahead, read it for yourself (see #3). VP Vance is a hot mess.

Vice President JD Vance delivers remarks at the American Dynamism Summit in Washington, D.C., March 18, 2025. (Kent Nishimura/Reuters)

Marxist central planning was thought to be necessary because the working classes are victims. Trump and his MAGA posse want central planning of trade because . . . the working classes are victims. Hmmmm, sound familiar?

Central planning is a dog that won’t hunt, and never did. That’s because economic “fine tuning” is illusory. We were warned by economists Friedrich Hayek and Ludwig von Mises a half century or more ago. The “knowledge problem” looms over us. There is no small group of sages that has enough knowledge to address all the unintended consequences of its commands, whether it be regarding steel production or trade. Unforced errors abound. Government manipulation of one sector will lead to unforeseen harms to others. Crap will happen.

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Friedrich Hayek
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Ludwig von Mises

The quasi-socialist Democrats refuse to learn the lesson. Now, Republicans joined the ranks of dolts.

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RogerG

Sources:
1. “The Heritage Foundation Was One of Free Trade’s Strongest Supporters”, Dominic Pino, National Review, 3/31/2025, at https://www.nationalreview.com/2025/03/the-heritage-foundation-was-one-of-free-trades-strongest-supporters/?utm_source=recirc-desktop&utm_medium=homepage&utm_campaign=right-rail&utm_content=capital-matters&utm_term=second
2. “Sorry, Mr. Vance, Things Are Not the Same as People”, Dan McLaughlin, National Review, 3/31/2025, at https://www.nationalreview.com/2025/03/sorry-mr-vance-things-are-not-the-same-as-people/
3. Bonchie/Vance X feed at https://x.com/TimesBChanging/status/1906201911453171977