The “Buy American” mentality is dangerous nonsense. Tariffs, intended to encourage domestic production, actually do more harm than good to an economy. To show why, let’s look at American tariffs on steel imported from China. When the United States places a tariff on imported Chinese steel, American consumers face higher prices and Chinese steel producers make less money because they are selling us less steel. In turn, the Chinese are going to buy fewer American products, further hurting the American economy.
How the Right Helps the Poor
Every time I see a picture of Tim Kaine, I get a dopamine rush. Not because I particularly like him or his policies, but because in my head, he’s associated with making money. I bought shares of Tim Kaine for 39 cents back in June and sold them when they were worth 75 cents. I’m kicking myself for not holding out until he was confirmed as the nominee.
Everybody loves to hate the bankers, especially after the crash of 2007. Both sides of the aisle, Right and Left, constantly point out the recklessness of Wall Street gamblers. What few people seem to realize, however, is that bankers are in a predicament—either they extend abundant credit to the poor and face being called reckless and risky, or restrict that line of credit and suffer being called elitist and unfair. Clearly, they opted for the former; and if there is anything we can learn from the crash that ensued, it is this: the lower classes are simply irresponsible with their finances.