Good Lord! What a lot of trouble to prove in political economy that two and two make four; and if you succeed in doing so, people cry, “It is so clear that it is boring.” Then they vote as if you had never proved anything at all. – Frederic Bastiat, “What Is Seen and What Is Not Seen” [1850]
HORNBERGER’S BLOG
April 10, 2025 Great News on Free Trade!
Immediately after launching his trade war, President Trump surrendered to the “enemy.” Well, okay, it wasn’t a complete surrender. Let’s call it a partial surrender in the form of a unilateral 90-day cease fire. That’s good news, of course, to everyone in the world, including Americans. Well, except for the Chinese people, against whom Trump has decided to continue waging his trade war …