Thursday, November 06, 2025

Jacob Sullum: Contra Trump, Trade Deficits are Not a National Emergency

I usually don't blame Trump for trying...but this argument just seems dumb.
I still don't quite buy the second part of Sullum's argument--that tariffs won't help...but I don't care that much about that point, and am not qualified to speak on it.
Of course there are probably complexities about the first point that I don't understand either...so I guess I really ought to be saying, at most, that the claim that it's a national emergency is prima facie dumb...
Also: the more often Trump wildly swings for the fences, the less inclined to support him I become. Occasionally is ok...too many times seems bad. But what do I know?

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