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Published 20 days ago

Importing Votes, Not Steel

Summary by AIER

Blast furnace smelting liquid steel in a steel mill. Economist Thomas Sowell once remarked: “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” This statement underscores the perpetual tension between economic principles and political expediency, a tension vividly exemplified in the realm of trade policy. Mu…

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Importing Votes, Not Steel

Blast furnace smelting liquid steel in a steel mill. Economist Thomas Sowell once remarked: “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” This statement underscores the perpetual tension between economic principles and political expediency, a tension vividly exemplified in the realm of trade policy. Mu…

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