06/13/2018

Trump Rightly Demands End To All Trade Tariffs And Subsidies – Of Everyone

Seton Motley, RedState

We have for many years pointed out how un-free DC’s “free trade” has been.

Now-President Donald Trump has done the same – for decades.

DC’s warped definition of “free trade” – has nigh every other nation on the planet imposing all sorts of tariffs and import limits on our stuff.

It has nigh every other nation subsidizing the daylight out of the products they bring to global market – which allows them to anti-competitively, artificially charge much less for their stuff than we charge for our stuff.

All the while – we have imposed comparatively tiny tariffs and comparatively generous import limits on anyone else’s stuff.  And we have subsidized the things we bring to global market – hardly at all.

So our stuff enters a global market – beset by a vast array of policies from just about every nation…all designed to minimize our access to the global market.

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4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

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