Gotta love these Libertarian "economists." Their prescriptions fail, so they issue the same prescriptions again. Saves on paper, I suppose.
...Even with new tariffs and federal subsidies under the CHIPS Act, some economists remain skeptical of a true U.S. “manufacturing renaissance.”
“Think about how much a pair of sneakers would cost if they were made here in the United States, or a phone or any number of the items that you go to a retail store to purchase. It would be a lot more expensive,” said Colin Grabow, associate director at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies. “So we should all welcome the fact that goods are being produced in the most efficient ways possible [in other countries], because that lowers prices for us and allows us to raise our standard of living.”...
Uh-huh. We can "raise our standard of living" without having jobs.
OK, then.
1 comment:
Unfortunately, most people define their standard of living by how much pseudo designer stuff they can buy at Target.
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