David Hume’s Insights Explain America’s Economic Decline
Since he was a young up-and-coming property magnate in New York City, Donald Trump has been fixated on what he believes to be foreigners’ “cheating” on international trading terms to the detriment of the US. He believes—along with many Americans—that foreigners have stolen all our good, high-paying jobs by manipulating their own currencies, subsidizing their home industries, and erecting protective trade barriers—in the form of tariffs and quotas—that make American goods uncompetitive.