Friday, January 29, 2016

James Pethokoukis on China trade reminds me of my doctor pushing statin drugs

As everyone knows, statin drugs for cholesterol inhibit CoQ10 synthesis. So now the doctors push a CoQ10 supplement on you at the same time they push the cholesterol drug.

As George W. Bush famously said, "That doesn't make any sense."

So along comes James Pethokoukis confronted with the study showing how the opening to China trade destroyed many American jobs and lives.

His solution?

An expanded earned income credit, wage subsidies, and other government safety net initiatives to encourage work over retirement.

And relocation assistance to where the jobs are.

Never mind we don't want to move to China, India, Pakistan, Thailand or Indonesia.

Like Keynesians and MDs pushing drugs libertarians can never be proven wrong.