It was French king Louis XIV (1638-1715) who famously declared, “L’etat c’est moi” (“I am the state”). This week, it was clearer than usual that this is an attitude apparently shared by Donald Trump, president of the United States.
The prospect that the US president would conclude that tariffs cause growth has always been the downside of good economic numbers.
It was amusing, yesterday, to see the President of the United States with his counter-part from the EU, a Luxembourgian.
More government means more expensive everything. Every second and penny spent paying government taxes and complying with government regulations – raises the prices of the goods and services people proffer.