An update on the evil American corporations and their arbitrary, anti-competitive, predatory pricing policies as wonderfully, if haltingly, exposed by our glorious leader.
Energy Secretary Jennifer Granholm is concerned that consumers are buying low-cost electric vehicles from China rather than higher-priced American creations. The government may have to intervene. How? Tariffs; a tax on imports. How does this fit with Biden's unending drumbeat of unreasonable corporate profits, American price-gouging, and consumer victimization?
It doesn't. It creates all those distortions.
Protectionism, remarkably, does just what it says. It protects American producers from foreign competition by raising those foreign competitors' prices with tariffs. There may be some reasons The Powers That Be may want to raise domestic prices on their citizens--none of them of any economic merit--but any benefit to the beleaguered consumer is nonsense.
At some point, inconsistencies become incoherent.
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