If the government restricts supply and subsidizes demand, out-of-control prices, resource shortages, and unpleasant ad hoc coping restrictions will follow. That is the natural (economic) law. The government cannot repeal it. But it can stop its attempt to plan.
Reindustrialization, the Dollar, and the Limits of Tariff Politics
President Donald Trump’s call to reindustrialize the United States taps into a widely shared sense that something fundamental has gone wrong in the American economy. Manufacturing employment has collapsed, entire regions have been hollowed out, and supply-chain...