November 26, 2011

But George Washington Would Still Buy American

“One sign of economic ignorance,” says John Stossel at Townhall, “is the faith that ‘Buy American’ is the path to prosperity. [...] ‘Buy American’ is a dumb idea. It would not only not create prosperity, it would cost jobs and make us all poorer.” All arguments and explanations follow in the rest of the article.

Robert, at Atlantic Crossing, has a different view and provides some interesting insights and counter-arguments to Mr. Stossel’s thesis—according to which, perhaps, George Washington himself should be dismissed as “stupid” and “ignorant.”   (Whether and at what point this applies to European countries remains to be seen. Any thoughts?)

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