Tax relief may never come/But it don’t worry me

At least 47 hasn’t promoted Incitatus to consul. Yet.

Leader from this week’s Economist: President Trump’s mindless tariffs will cause economic havoc (gift link).

There is no reason why his extra tariffs should eliminate the [current account] deficit. Insisting on balanced trade with every trading partner individually is bonkers—like suggesting that Texas would be richer if it insisted on balanced trade with each of the other 49 states,* or asking a company to ensure that each of its suppliers is also a customer.

*and the District—Ed.