Wednesday, July 16, 2025

ricardo is frequently cited by free trade economists, but i know he was a socialist.

in fact, i could aggressively argue that one of the reasons socialism has historically failed is that it won't listen to ricardo. this is what trump has done to us - he's got us making the same mistakes the soviets made in the 20s and 30s.

blocking steel imports to try to protect jobs is stupid. there's no other way to put it. it will fail, and it will wreak havoc in the housing sector.