Free Trade Would Boost the Economy, But It’s Not on the Ballot

“”Contrary to conventional wisdom, imports are not a drag on the U.S. economy or the price we pay to sell goods and services abroad. In fact, rising imports coincide with stronger economic growth,” Scott Lincicome and Alfredo Carrillo Obregon write in The (Updated) Case for Free Trade, a Cato Institute study published in May. “The payoff to the United States from expanded trade between 1950 and 2016 was $2.1 trillion, increasing GDP per capita by around $7,000 and GDP per household by around $18,000.”
“Higher imports are also correlated with higher private‐sector employment in the United States, as numerous industries and workers depend on trade,” they add.”

“Could high tariffs and “buy American” policies compel firms to find domestic suppliers? Well, maybe. But foreign sources were chosen for a reason; replacing them with domestic suppliers will require compromises. “Subsidising electric cars assembled in North America will make them more expensive and lower-quality,” The Economist cautioned of protectionist policies. And since politicized policy tends to breed yet more politicization, tariffs and subsidies will inevitably be further burdened with conditions. “The red tape will raise costs to consumers and taxpayers still further.””

This Court Case Could Make It a Crime To Be a Journalist in Texas

“At the core of Villarreal’s misfortune is a Texas law that allows the state to prosecute someone who obtains nonpublic information from a government official if he or she does so “with intent to obtain a benefit.” Villarreal operates her popular news-sharing operation on Facebook, where her page, Lagordiloca News, has amassed 200,000 followers as of this writing.
So to jail Villarreal, police alleged that she ran afoul of that law when she retrieved information from Laredo Police Department Officer Barbara Goodman and proceeded to publish those two aforementioned stories, because she potentially benefited by gaining more Facebook followers. Missing from that analysis is that every journalist, reporter, or media pundit has an “intent to benefit” when she or he publishes a story, whether it is to attract viewers, readers, or subscribers. Soliciting information from government officials—who, as Villarreal’s case exemplifies, sometimes feed reporters information—is called a “scoop,” and it’s not new.

Yet it was an argument that, in some sense, resonated with Judge Priscilla Richman, the chief jurist on the 5th Circuit, who almost certainly voted in favor of reconsidering the court’s ruling. “In fact, Villareal’s [sic] Complaint says that she ‘sometimes enjoys a free meal from appreciative readers, . . . occasionally receives fees for promoting a local business [and] has used her Facebook page [where all of her reporting is published] to ask for donations for new equipment necessary to continue her citizen journalism efforts,” she wrote in August, rebuking Ho’s conclusion. “With great respect, the majority opinion is off base in holding that no reasonably competent officer could objectively have thought that Villareal [sic] obtained information from her back-door source within the Laredo Police Department with an ‘intent to benefit.'”

Such an interpretation would render the media industry an illegal operation, and everyone who participates—whether they be conservative, liberal, far-left, far-right, or anything in-between—criminals. “Other journalists are paid full salaries by their media outlets,” writes Ho. Can confirm. Is that somehow less consequential than receiving free lunch or getting a new spike of followers on a social media platform (which is something that many journalists employed full time also set out to do)? “In sum, it is a crime to be a journalist in Texas, thanks to the dissent’s reading of § 39.06(c),” Ho adds.”