![]() ![]() Today, we have an all-volunteer military. ![]() That said, the free-lunch politics of most other issues are such that promises get our attention and, when placed in front of the people and our representatives, our approval. Through a pageant of presidents from Obama to Trump to Biden and in face of economic difficulties, we the people have been promised and have received subsidies and checks from the federal government that entered our bank accounts as if by magic.Īt the same time, we were promised that only higher income individuals would face tax increases to help pay for the checks. But now, with all that extra cash circulating, every American is facing 8 percent or higher inflation, no matter what their income level. No amount of planning and promising could negate Friedman’s rule, and the bill for the free lunch hits most of us each time we go shopping. Of course, political promises that sound like free lunches come in many forms. During the Trump administration, animosity toward China regarding respect for intellectual property rights and other trade matters led to the imposition of tariffs on a large variety of Chinese goods imported by the United States. The purpose, one could argue, was to provide “free” trade protection to corporate investors who were complaining about China’s abusive actions. To counter abortion ruling, shift from recriminations toward development No doubt plenty of investors had legitimate gripes, but the tariffs’ real costs were consistently downplayed by the administration. industry to counter the next global food crisisĪll along, those involved in these matters had to know that American consumers would be picking up the tab for the higher priced Chinese goods. There is no such thing as free enforcement of trade policies on unwilling partners. Animosity shows no sign letting up free#. ![]()
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