Great Post!
Posted on 07/19/2017 12:05:38 PM PDT by Jim W N
President Trump has just announced, “It’s time for a new policy — one defined by two simple rules: We will BUY AMERICAN and we will HIRE AMERICAN.” #MadeInAmerica (Video is at the bottom of this page.)
My comment to President Trump is he as President of course can hire and buy American for his administration. But the fact is the best outcome for consumers is buying the best price and quality in the free market economy. The U.S. doesn’t make or sell the best of everything. Some countries are actually better suppliers of some things because of a myriad of reasons.
It is wrong-headed and WAY out of Trump’s legitimate role as President to use the bully pulpit to insist people buy American. Technically I suppose you could say Trump was only talking about government purchases, but in reality, he was using the bully pulpit to say, “Buy American”.
No, as Adam Smith said in the Wealth of Nations, let self interest in the voluntary cooperation between buyers and sellers in the free market govern individual choice and the outcome will be a robust and growing economy and thriving American industry.
The REAL answer is what Trump partially referred to at the end of this clip: GET GOVERNMENT OUT OF THE FREE MARKET BY ENDING HIGH TAXES & UNCONSTITUTIONAL FEDERAL REGULATIONS, MINIMUM WAGE, & UNION PROTECTION. THAT will allow American companies to compete in the free market once again.
Once again as in many things, so in our economy, government is not the solution, government is the problem. Thank you, President Trump, for at least partially addressing government interference as the core issue of our languishing businesses and economy.
Let self interest in the voluntary cooperation between buyers and sellers in the free market govern individual choice and the outcome will be a robust and growing economy and thriving American industry.
Works every time it’s tried!
Go, Trump! GO! :)
Great Post!
Thanks.
I love my Egyptian cotton.
Bingo.
The free market maximizes our standard of living and comfort.
Government interference in the economy ALWAYS lowers our standard of living.
Indeed. I bet Trump Ties are best made overseas.
Buy American...I try do...I’d love to see more things made in America...like bikes (not the $1000 bikes, but the Huffy or Roadmaster for $79..
"By pursuing his own interest [one] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good." -- Wealth of Nations, Book IV, Chapter II, p. 488-489
I love America, but if I find a foreign car, like a Honda, that has better quality in my price range, I'll buy it. Doing otherwise is like shooting myself in the foot.
Get government and forced unionization out of American industry, and soon, U.S. cars will once again be the best in the world. Let open competition, not government, drive industry and the marketplace. The consumer always wins, the overall standard of living increases, and the economy booms.
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