RECOMMENDED READING
Conservative: Globalism Is Dead
The effect of President Trump’s policies on trade, immigration and the stock market shows a “three-dimensional collapse of the narrative atop which we built our economy over the past generation,” argues Oren Cass at Commonplace.
Contra the tariff-panic crowd, “consumer sentiment is up and inflation is down,” while “the stock market is up.”
Plus, “the dollar is down” which means cheaper goods. “With aggressive immigration enforcement, the United States has ceased releasing illegal migrants into the country entirely,” and “one million people in the country illegally may already have departed.”
“And as the State Street index shows, a basic S&P 500 fund has been outperforming the private equity industry over every timeframe.”
The globalist conventional wisdom is dead. “We are seeing now that a different course has always been available.”
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Of all the technical flaws in the badly broken international trade system, the one most intuitive to the layman is the race to the bottom on labor. In the global Read more…
