Jan. 23rd, 2017

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Funny but so far, Tramp's economic decisions are much closer to the advice of "leftist" Paul Krugman than that of "rightist" Adam Smith. Trump acts as if redistributing wealth from consumers to producers is going to make the country better off.

http://www.economictheories.org/2008/07/adam-smith-free-trade-international.html
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The next president of the United States will be a defender of consumer rights.
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5. Property, Freedom, and the Essential Job of Government

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Trump is helping Australia, Japan and China to form a regional trading block.
“The original architecture was to enable other countries to join,” Australian Trade Minister Steven Ciobo told the Australian Broadcasting Corporation on Tuesday. “Certainly I know that Indonesia has expressed interest and there would be scope for China if we are able to reformulate it.”

Japan has led the push for the partnership, which also includes Brunei, Canada, Chile, Malaysia, Mexico, Peru and Vietnam. “There is no change to our view that free trade is the source of economic growth,” Japanese Economy Minister Nobuteru Ishihara told reporters.

http://www.straitstimes.com/world/united-states/australia-new-zealand-pledge-to-salvage-tpp-after-us-exit


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