Posted on 07/26/2018 12:27:49 PM PDT by central_va
Sorry for the vanity but Rush did a 180 on trade today and I am proud of him.
Rush confessed he was wrong all of these decades about trade, live on air just a few minutes ago! He also admitted Perot was correct and the the one sided trade the US( and its workers ) have been subjected to was wrong and it was erroneously pawned off as 'free trade'. He said he was duped by economists.
I just listened in amazement committing free trade heresy live. It was a great radio show today! Awesome!
Rush is off my S list. He is big man for doing this.
Pat Buchanan has sung the praises of the use of tariffs for decades. Ever since the auto workers was trying to win over in his first Presidential Primary asked him why he drove a BMW instead of an American car. He hit the history books again and learned what the Founding Fathers and the patriots of the 19th century knew. Tariffs are a powerful and often necessary tool in a nations diplomatic kit to keep foreign interests at bay.
That runs counter to the teaching of my heroes Drs. Sowell and Williams, but I think Pats right that there are times when a nation needs to resort to tariffs and we are in those times.
Well I guess you need a history lesson too. The primary use of tariffs in the 19th and early 20th century was revenue generation and protection of industry. Since it is a consumption tax this makes tariffs superior to income taxes in every way. .
If you didn’t get babble-on’s post for what it was meant, then you need to adjust your sarc detector settings.
Out of curiosity, I looked up Perot in Wkipedia to see if he was still alive. He is, and he’s 88.
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