Category Archives: politics

Some Thoughts on our Trade Imbalance

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Phil Gramm and Donald Boudreaux had an extensive op-ed in last Thursday’s Wall Street Journal. I have a couple of thoughts on their piece.

Overall, they presented a typical argument regarding international trade balances, and it was sound as far as it goes. However, I’ve never seen an argument for or against US trade deficits/surpluses that take into account the dollar as the world’s reserve currency.

For international trade, how much, really, are local currencies traded for dollars in order to purchase American goods and how much are local dollars traded for foreign currencies in order for Americans to buy foreign goods? How much of those currency exchanges are really just taps of the foreign nation’s dollars held as reserves and similarly replenished into those reserves through ordinary trade-of-goods-and-services exchanges? In other words, how much to buyers and sellers themselves do the currency exchanges and how much of those currency exchanges are actually done from government to government out of government reserve holdings?

Maybe a lot is government to government, maybe a little, but the question needs answers.

Also this:

Has the expansion of global trade “hollowed out” US manufacturing, as Joe Biden claimed in 2022? No. US industrial production today is more than double what it was in 1975, the last time we ran a trade surplus.

What is produced by today’s “industrial production” compared to that of 1975? Or immediately after WWII? That never gets specified. Nor does “industrial production” ever get normalized to account for changes in technology and manufacturing techniques.

A similar definition disconnect exists for services.

Until those specifications are made, claims of industrial production or services changes in either direction are meaningless.

Why Not?

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The press’ “government officials” now say that President Donald Trump (R) is planning to eliminate the US Postal Service’s Board of Governors and fold the USPS into the Department of Commerce. On the other hand, a “White House official” says that’s not so.

For the hyperventilators in the audience, here is the sum and total of what our Constitution says about a postal service. It’s in Article I, Section 8:

[The Congress shall have Power…] To establish Post Offices and Post Roads

Nothing in there about establishing or maintaining a postal service, only the post offices, useful for dropping off and collecting mail and packages for transporting over those post roads—of latter which we have an enormous network of roads over which to carry that mail and those packages, along with extensive railroad and air shipping networks capable of the same. Those post offices are directly analogous, and no more useful than, FedEx and UPS drop-off and pickup offices.

A move to consolidate the USPS into Commerce has the potential of reducing duplicative governance. It also would give those with commerce expertise—to the extent such exists in the Federal government—control over what is, essentially, a commerce enterprise—the movement as shipper of First Class mail and packages as well as intermediary shipper of other shippers’ packages.

Of course, the better move would be to completely privatize the USPS and let it compete with existing shippers for the movement of all mail, including First Class, just as it does now with packages. USPS already has a serious advantage in such competition: a last mile network that reaches every household and business in the nation, which none of its potential competition (with the possible exception of Amazon, for its own exclusive use).

Still, consolidation would be a good start.

Presidential Authority

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President Donald Trump (R) is moving to reassert a President’s authority over the Executive Branch of our Federal government, lately signing an Executive Order that imposes new White House supervision over so-called independent agencies.

The editors of the WSJ center their support for this on

Article II’s command that the President “take Care that the Laws be faithfully executed.” If Congress has charged such agencies with enforcing laws, then the President should be able to supervise how they do their job.

They’re right as far as they go, but the matter is far more basic than that. The first sentence of Section 1 of our Constitution’s Article II lays out the foundational nature of an American Presidency:

The executive Power shall be vested in a President of the United States of America.

Our Executive Branch is run by a single executive officer, not by a committee of board members, especially not by an executive and a number of other executives operating independently of him and of each other.

This is the unitary executive, as some legal scholars term it. It’s long past time it got restored. Trump is entirely correct in this matter.

Birthright Citizenship for Children of Illegally Imported Slaves

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Jason Riley, Upward Mobility columnist for The Wall Street Journal, in his op-ed last Wednesday has hung his hat on the universality of birthright citizenship on the citizenship granted the children of slaves who were illegally imported, and so as persons were present illegally. In support, he cited the 14th Amendment’s All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States clause and noted, correctly IMNSHO, the centrality of that subject to the jurisdiction thereof phrase to the hook for his hat.

Riley’s claim vis-à-vis those illegally imported slaves’ children is this:

Although the US banned the importation of slaves in 1808, an illegal international slave trade continued for decades. ….
According to the legal scholar Gerald Neuman, by the time the 14th Amendment was ratified, there were tens of thousands of black people in the US who had been brought here illegally. Naturally, some of them later bore children. It thus would seem that for authors of the Citizenship Clause, “subject to the jurisdiction thereof” included the children of parents in the country without authorization.

Therein lies the failure of Riley’s argument. The Trump administration’s argument—and one I’ve made in these pages—is that illegal aliens and birth tourism mothers are not subject to our nation’s jurisdiction because, in the first instance, they’ve placed themselves outside our jurisdiction from the beginning by entering our nation illegally—in direct and deliberate contravention of our jurisdiction’s laws—and in the second instance, withholding themselves from our jurisdiction however legally they may have entered because they have no intention of staying or in any way breaking the bonds of their loyalty, citizenship, or still-accepted jurisdiction of their home nation.

Those illegally imported slaves, on the other hand, on their emancipation actively and consciously accepted the jurisdiction of our nation and our nation’s laws. They accepted and sought American citizenship, whether before or after their children were born.

Progressive-Democrats Punishing Victims

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There are growing numbers of young adults and adults who underwent surgical and/or hormonal procedures as children or younger adults who, recognizing their mistakes (or their parents’), want to detransition as far as reversing the hormonal and surgical treatments can take them.

Those persons, those efforts to correct their mistakes, are a growing embarrassment to the Progressive-Democratic Party politicians and their Leftist supporters. Last week, the Progressive-Democratic Party in Colorado struck back at those detransitioners—hard, and dangerously to their health and lives.

The Colorado General Assembly’s House Judiciary Committee late Tuesday [18 February] considered legislation, introduced last week, to allow patients who underwent “youth gender transition procedures”—puberty blockers, cross-sex hormones, and surgeries to remove healthy genitals and breasts—before age 26 to sue their providers for damages up to age 38.

At the end of their “consideration,” however, after Progressive-Democrat after Progressive-Democrat after Progressive-Democrat absented themselves from listening to much/most of the witness testimony, Party, which holds the majority, tabled the bills indefinitely, effectively killing them.

This is what Party thinks of us Americans. This is what Party thinks of our children, young people who regret the medical procedures they undertook to more closely resemble the opposite sex. Do not contradict us, and especially, do not embarrass us is the ideology of Party.