GeezerVison

Quotation of the Day…

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… is from page 48 of GMU Econ alums Scott Burns’s and Caleb Fuller’s forthcoming (in February 2027) book, Trade Wars: Why Freedom Trumps Tariffs:

Economists don’t argue that we should abandon manufacturing. In fact, we don’t argue economies “should” do anything; we think that question is best left to the decentralized decisions of millions of Americans. And their decisions have the US manufacturing sector producing as much output as ever, so it is at no risk of going extinct. We merely suggest that we shouldn’t throw good money after bad by way of subsidies or restrictions to keep manufacturing jobs in America if other nations can do them more efficiently.