Tag Archives: economics

David Davenport: Questions About Walls


President Trump loves walls—besides a border wall with Mexico, he wants to erect trade walls to protect American steel and aluminum with tariffs of 25 and 10 percent, respectively.

In his famous poem about walls, Robert Frost said, “Something there is that doesn’t love a wall,” adding that before he built one, “I’d ask to know what I was walling in or walling out, and to whom I was likely to give offence.” Those are good questions for Mr. Trump’s policy.

He wants to wall out foreign products that are cheaper than American products. But this will trouble not only nations that produce them, but also American consumers who like to save money.

There’s also a question of constitutionality, since the president’s power to do this is based on national security. And the biggest question:  will tariff walls even work in a global economy?

Many important questions about walls.

 

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David Davenport: The Future Of Freedom

Compromise

A new survey by the Fund for American Studies reminds us that millennials do not understand economics. The same group that does not know basic civics—such as who their senator is or whether Judge Judy is on the Supreme Court—also doesn’t get how free markets work.

While 60% of millennials said they would choose liberty over security, in turn 54% want more government, not less. A majority of even Republicans and conservatives believe government should regulate oil and drug company prices, and place tariffs on goods coming from overseas.

This survey is described as a “freedom index” but millennials really favor more government regulation. I suppose it’s no surprise that young people who have grown up knowing nothing but big government fail to see the connection between more government regulation and less freedom.

Young people who value freedom in their personal and social lives need to understand that political and economic freedoms are necessary to sustain that.

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