President Trump has just announced, “It’s time for a new policy — one defined by two simple rules: We will BUY AMERICAN and we will HIRE AMERICAN.” #MadeInAmerica (Video is at the bottom of this page.)
My comment to President Trump is he as President of course can hire and buy American for his administration. But the fact is the best outcome for consumers is buying the best price and quality in the free market economy. The U.S. doesn’t make or sell the best of everything. Some countries are actually better suppliers of some things because of a myriad of reasons.
It is wrong-headed and WAY out of Trump’s legitimate role as President to use the bully pulpit to insist people buy American. Technically I suppose you could say Trump was only talking about government purchases, but in reality, he was using the bully pulpit to say, “Buy American”.
No, as Adam Smith said,
By pursuing his own interest [the individual] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
— Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations Book IV, Chapt. II, IV.2.9 (1776).
The REAL answer is what Trump partially referred to at the end of this clip: GET GOVERNMENT OUT OF THE FREE MARKET BY ENDING HIGH TAXES & UNCONSTITUTIONAL FEDERAL REGULATIONS, MINIMUM WAGE, & UNION PROTECTION. THAT will allow American companies to compete in the free market once again.
Once again as in many things, so in our economy, government is not the solution, government is the problem. Thank you, President Trump, for at least partially addressing government interference as the core issue of our languishing businesses and economy.
It’s time for a new policy — one defined by two simple rules: We will BUY AMERICAN and we will HIRE AMERICAN. #MadeInAmerica
Posted by Donald J. Trump on Wednesday, July 19, 2017