{"id":13488,"date":"2024-04-26T11:48:55","date_gmt":"2024-04-26T11:48:55","guid":{"rendered":"https:\/\/lonecandle.com\/?p=13488"},"modified":"2024-04-26T11:49:00","modified_gmt":"2024-04-26T11:49:00","slug":"trump-and-biden-both-get-globalization-wrong","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=13488","title":{"rendered":"Trump and Biden Both Get Globalization Wrong"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">&#8220;trade doesn&#8217;t need to balance. I have a trade deficit with my supermarket. They get more of my money every year. So, what? I don&#8217;t &#8220;lose.&#8221; I get food without having to grow it myself.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&#8217;s a win for me&nbsp;<em>and<\/em>&nbsp;the food producer regardless of whether the food was grown locally or came from Mexico.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Imports are great,&#8221; says Lincicome. &#8220;It means I can focus on what I want to do for a living and not go make my own food or make my own clothes. I can use those savings and buy other things that makes me better off.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As long as trade is voluntary, trade is a win for both parties. It has to be; neither side would agree to it unless they think they get something out of the deal.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8230;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Manufacturing output in the U.S. is near its all-time high. We make more than Japan, Germany, India, and South Korea combined.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZYGb2pr4Vt\"><a href=\"https:\/\/reason.com\/2024\/04\/03\/trump-and-biden-both-get-globalization-wrong\/\">Trump and Biden Both Get Globalization Wrong<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Trump and Biden Both Get Globalization Wrong&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/04\/03\/trump-and-biden-both-get-globalization-wrong\/embed\/#?secret=57eQkrJN5B#?secret=ZYGb2pr4Vt\" data-secret=\"ZYGb2pr4Vt\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;trade doesn&#8217;t need to balance. I have a trade deficit with my supermarket. They get more of my money every year. So, what? I don&#8217;t &#8220;lose.&#8221; I get food without having to grow it myself.<br \/>\nThat&#8217;s a win for me and the food producer regardless of whether the food was grown locally or came from Mexico.<\/p>\n<p>&#8220;Imports are great,&#8221; says Lincicome. &#8220;It means I can focus on what I want to do for a living and not go make my own food or make my own clothes. I can use those savings and buy other things that makes me better off.&#8221;<\/p>\n<p>As long as trade is voluntary, trade is a win for both parties. It has to be; neither side would agree to it unless they think they get something out of the deal.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;Manufacturing output in the U.S. is near its all-time high. We make more than Japan, Germany, India, and South Korea combined.&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/04\/03\/trump-and-biden-both-get-globalization-wrong\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[375,221,28,1200,797,780,377,208,226,170],"class_list":["post-13488","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-biden","tag-donald-trump","tag-free-trade","tag-globalization","tag-industry","tag-joe-biden","tag-manufacturing","tag-tariffs","tag-trade","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13488"}],"version-history":[{"count":2,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13488\/revisions"}],"predecessor-version":[{"id":13490,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13488\/revisions\/13490"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}