Steel Part III: White House Mickey Mouse Economics

Teaching trade used to be fun. We used to talk about valid positions held on both sides of an issue and weighted pros and cons. All this has gone by the wayside. It is such a sad state of affairs when the country is run by wishful thinking with vacuous content, which leaves no room for pros and cons discussions.

March, 2, 2018. Twitter. The President:

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump said on Twitter on Friday March 2, 2018. And later that day, “We must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!”