Liberty Lesson today teaches Tariffs and History of Tariffs with the help Mises.org . Tariffs don't have the desired effects. The inefficient industry get rewarded and the efficient industry gets smaller, and the consumer pays the price.
Henry Hazlitt, one of Bastiat’s greatest modern expositors, puts it even more clearly in the context of the tariff controversy:
"The effect of a tariff, therefore, is to change the structure of American production. It changes the number of occupations, the kind of occupations, and the relative size of one industry as compared with another. It makes the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller. Its net effect, therefore, is to reduce American efficiency, as well as to reduce efficiency in the countries with which we would otherwise have traded more largely."
Rutherford Institute President John Whitehead warns us about the greatest threat to our freedoms and our way of life: an increasingly militarized government at all levels in the United States. This speech is from the Ron Paul Institute's 2018 Media & War conference on August 18th in Washington, DC.
Gold is a financial check on the powers of government. When governments can print money they can spend it on whatever they want. The Fed is their weapon there was a transfer of wealth from the middle of middle class to the wealthy.
Trump Believes Torture Will Make America Great Again. Nominates Torturer in Chief Mike Pompeo Secretary of State.
WASHINGTON ― Sen. Rand Paul (R-Ky.) said Wednesday he intends to oppose President Donald Trump’s nominees to head the CIA and the State Department.
Trump on Tuesday announced the ouster of Secretary of State Rex Tillerson, and said he was replacing him with Central Intelligence Agency Director Mike Pompeo.
Trump also said he plans to nominate Gina Haspel, now deputy CIA director, to replace Pompeo as head of the spy agency. Haspel helped oversee the agency’s controversial torture program, and allegedly played a part in the destruction of video recordings that captured torture sessions.
Paul, a libertarian-leaning critic of U.S. military intervention, said he was “perplexed” by both nominees, and called them “the wrong fit for America.” He added that he feared Pompeo and Haspel both would push for military force in Iran because they supported nearly two decades of war in Iraq that followed the U.S. invasion.
Paul criticized Haspel for what he called her “gleeful enjoyment” torturing detainees. “I find it amazing that anyone would consider this woman as the head of the CIA,” he said at a press conference.