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Low interest rates and deficit spending will never get the U.S. on the right track because they don’t address our fundamental problem: The U.S. is no longer competitive in world markets and manufacturing and, therefore, free trade is draining the economy of jobs, wealth and investment. I blame Washington’s crack-induced haze—by using the false remedies of cheap money and deficit spending, Washington thinks it is doing something to turn around the economy, but it is actually digging our grave. In its haze, Washington is assuming that free trade will make every country better off. It is time for a dose of reality, rather than another dose of crack. The truth is free trade does not exist, and the U.S. is the only country acting as if it does.
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 Author: Cooler111
Date: 5/26/2019 |
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