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Archive of posts published in the tag: Steven Mnuchin

Bastiat and Trump

When Mnuchin claims that the steel and aluminum tariffs will only add a few cents to a beer can or a few dollars to an auto he displays as much ignorance as Nancy Pelosi who contends that a raise of only $20 a week is crumbs.  It is the classic broken window fallacy of Bastiat, the inability to understand and acknowledge what is unseen.

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