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The first COMMENTARY Podcast of the week explores the political philosophy behind Donald Trump’s preferred trade policies. Does the European consensus on the value of liberal internationalist trade differ from America’s? Do the benefits associated with the liberal consensus around global commerce sacrifice national identity and cultural cohesion? If so, can the balance even be restored? Listen and find out.
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Maybe someone who has Trump’s ear (e.g. Larry Kudlow) should try to persuade him to watch the ten-part PBS mini-series Free To Choose, starring Milton Friedman (circa 1980). That medium would not require Trump to read any briefing books or printed matter of any kind. If Larry reminded Trump that Regan was a winner—and that Regan secured much of his economic success by taking Friedman’s advice—Trump might develop a grain of skepticism toward protectionism.
Ronald Reagan wasn’t exactly skeptical toward protectionism. At least not as much as you suggest.