Donald Trump To Make America Poorer By Getting Apple To Make Their Computers In The US

| January 19, 2016

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I will admit to rather enjoying the sight of Donald Trump storming through the Republican race. It’s simply refreshing to see someone overturning the established and perhaps too measured way that politics has been approached recently. However, my enjoyment is as nothing to the perils of the economic policy which he’s just announced, which is that he’ll get Apple to start making “their damn computers” in America instead of in other countries. This really is not a sensible policy at all (even though it accords with his other misunderstandings about trade) because the net effect of such a policy would be to make America a poorer country, something we’ve known since David Ricardo published On the Principles of Political Economy and Taxation in 1817.And, since making the country, or the people of the country, poorer is not at all the point nor purpose of having an economy, or even a public policy about the economy, this is something we really shouldn’t try to do.

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