The Arbitrary Nature of The Tariff Regime

Tariffs are very risky business. They're like playing with fire. We run into the same unsolvable problem that we have with The Fed. They don't know what interest rates should be. It's all arbitrary. In the same way, the president doesn't know what the price of cars, or lumber, or any other product should be. While the president is not literally price-fixing like the Fed, he is arbitrarily interfering with market prices and trade. Our inescapable problem in America is the overwhelming size of gov...