Let the Market Process Work!

In response to this Carpe Diem blog post on steel tariffs, aiken_bob writes:

I think everyone needs to take a chill pill. I believe what Trump is doing on so many fronts is just testing the old rules to find out what really works today.
In the era of big government, both here and in the EU, there have been countless lobbyist working for the NGOs or corporate masters that have written the rules that benefit them. I have to believe that the vast majority are now outdated or just wrong.
It is pretty obvious that you can’t get congress to change every little law so enter Trump to shake things up. I really believe there is a method to his maddness.

You’ll get no argument from me that there are many, many, many rules and regulations written by lobbyists to benefit themselves.  However, if that is a problem (as both aiken_bob and I consider it to be), then Trump’s actions are just more of the same: more rule writing and more regulations written by lobbyists to benefit themselves at the expense of others.  Steel tariffs are just another line item in this ledger from Hell.

If the problem is the rules were written by lobbyists then the solution is simple: tear them up.  Unilateral free trade.  You will see very quickly what works and what doesn’t when subjected to the forces of competition.  Those that work will remain.  Those that do not will be chased out.  People will be allowed to choose what they will, act how they want, without lobbyists influencing/mandating their decisions.  As Mark Perry likes to say: competition breeds competence.  In short, let the market process work!

One thought on “Let the Market Process Work!

  1. Jon, no negotiator is going to give up their biggest tools — ever. In the case of the president, those tools are trade and war.

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