Trumptectionism
July 11, 2015
I just watched part of Donald Trump’s speech in Phoenix. He said that if an automobile plant were built in northern Mexico, he would impose 35% tariffs on all cars and car parts coming into the U.S. from Mexico. This would very substantially increase the price of American cars. The ignorami in the audience cheered wildly for the prospect of paying $5,000 or so more for their next new car should their man Trump become president.
Dr. Thomas DiLorenzo [send him mail] is president of the Mises Institute. He is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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