I'm watching the debate, painful as it is. During the long
segment on the economy, woeful economic ignorance was on display by both
candidates. They may know (or not) that their positions are ignorant, but they
know the vast majority of people are ignorant of basic economics, so they are
free to con votes with pie-in-the-sky because people, being ignorant, will vote
for things that will hurt them badly in the long run.
Both are against Free Trade, because that is popular. Just
as it was popular for Hoover
to sign the Smoot-Hawley Tariff Bill, which killed international trade and
turned a bad recession into the Great Depression. See:
Tariff disaster
offers a lesson on the folly of protectionism. By Thomas Sowell
As to NAFTA, see:
No, Mr. Trump, NAFTA
Was Not a ‘Bad Deal’
And while the deficit of $19T or $20T is bad, worse is the unfunded liability,
which may run from $87T to $240T. But neither one dares to talk about that,
because dealing with it will be very politically painful. See my short piece:
It doesn't matter who you vote for in November. By Robert A. Hall
Fixing this will be so painful no politician dares move on
it at all. But letting is ride is going to be far more painful. I believe we
face a fiscal and economic collapse followed rapidly by a political and social
collapse. Since I published this book a few years ago, every thing has gotten
worse, plus there are factors, all negative, I didn't address:
The Coming Collapse of the American
Republic
All royalties
go to a charity to help wounded veterans. For a free PDF of this 80-page book
you can read on your computer, write me at: tartanmarine(at)gmail.com.
Given
these candidates we are doomed. As a protest:
I have decided to
vote for Evan McMullin for President.
~Bob
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