Guest Post by Bill Bonner
The rich man’s wealth is his strong city, and as a high wall in his own conceit.
– Proverbs 18:11
POITOU, FRANCE – We are following up on Friday’s discussion by connecting a few final dots. Then, we promise we will never mention “trade” again.
Reader Challenge
Talk about a “ball joint,” a “female end” or a “coupling” in Congress, and they are likely to get the wrong idea.
Half the members of Congress are professional, lifelong politicians. Most of the others are lawyers by trade. Then there is an assortment of dentists, psychiatrists, and car dealers. But not a single plumber.
And yet, some people think that Congress and the administration are, at least, in part responsible for our toilets. That is the assumption built into our Dear Reader Bradley J.’s challenge. He wrote:
The purpose of a nation is to defend the common interests of its citizens. Certainly the ability to earn a living at a standard of living higher than that of the Chinese worker with his family’s bathroom at the end of his block, shared with 50 other families, is part of what our nation exists to achieve.
There is no mention of improving standards of living or increasing wealth in either the Declaration of Independence or the Constitution.
And we know that, in the U.S., the private sector is responsible for toilets.
Continue reading “Trump’s Trade Deals Are a Futile Conceit”