Readying the War State: Biden Recommits to Protectionism in the SOTU
President Biden's call for more protectionism isn't aimed improving the US economy. Instead, it is about creating a war-footing autarky.
President Biden's call for more protectionism isn't aimed improving the US economy. Instead, it is about creating a war-footing autarky.
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes.
Joe Biden likes taxes. So it should hardly be surprising that Biden has also embraced protectionism and is anti free-trade, which is fundamentally a pro-tax position.
The US government's push for digital money does not aim to make transactions easier. Rather, it seeks the power to control money and the people that use it.
Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.
Progressives claim that poor nations are that way because wealthy nations exploit them through the capitalist system. Cultural institutions, it turns out, are the most important indicators of wealth and poverty.
Relatively free trade and capital mobilization have greatly raised living standards in recent years. Yet those that call themselves globalists are less interested in trade than in unipolar political power, pushing violent, disastrous schemes.
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
Relatively free trade and capital mobilization have greatly raised living standards in recent years. Yet those that call themselves globalists are less interested in trade than in unipolar political power, pushing violent, disastrous schemes.
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.