Son of NAFTA? : Trump agrees not to terminate NAFTA treaty ‘at this time,’ will attempt renegotiation: White House

NAFTA probably deserves to die outright. It is a crony arrangement and is a great example of how what is often called “free trade” is actually managed trade. Managed for vested interests that is. 

As Mises.org pointed out in 2015,

Murray Rothbard opposed NAFTA and showed that what the Orwellians were calling a “free trade” agreement was in reality a means to cartelize and increase government control over the economy.

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Baltimore mayor vetoes bill that would raise Baltimore minimum wage to $15/hour

Baltimore has run enough businesses out of town over the last 50 years. I guess the mayor figured SOME jobs should be left in the place.

Consider the politics of such a veto. Obviously in a Democrat dominated (only) city like Baltimore the way to keep the voters happy (in the short term) is to raise the wage. Everyone would have declared how it was a victory for workers etc. And yet it seems that the good mayor was mugged by economic reality.

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Trump Releases His First Budget Blueprint: Here Are The Winners And Losers

Every budget has winners and losers. (Hey at least we have a budget.) But the losers for too long have been the American taxpayers. This must change. There is perhaps some – some – hope here. Though that $54 billion for the Pentagon should be given back to the American people.

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No, Bill Gates, We Don’t Need a Robot Tax

Of course not. Why slow innovation and the gains we will see as a society from this innovation? Yes some jobs will go away. But new ones will emerge. Likely in ways we can’t even conceptualize today.

Also a key point in this discussion is that we should fight new taxes always and everywhere. The government gets enough private money. Let’s not give it any more excuses to take the wealth of the people.

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Brazil’s worst-ever recession unexpectedly deepens in late 2016

Before the Olympics

Brazil has been having a tough go over the last few years. A country that was once riding high and peering just barely into the 1st World neighborhood has now stumbled back behind the southern fence. The years and years of corruption under leftist governments (recently) have taken their toll as has the general slowdown in China which is a vital trading partner.

(From Reuters)

The downturn has left nearly 13 million people unemployed,

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