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Title : Trump's Nest Of Superstitions Together With Fallacies Together With The Main Government Minister Of State For The Sun King
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Trump's Nest Of Superstitions Together With Fallacies Together With The Main Government Minister Of State For The Sun King

Jean-Baptiste Colbert.

Don Boudreaux writes:

Trump is motivated past times largely the same laid upwards of economically false notions that motivated the nearly famous mercantilist province official of the 17th century: Jean-Baptiste Colbert. The heed of Trump, similar that of Colbert, is a nest of mercantilist fallacies as well as superstitions, such equally that a acre grows wealthier the to a greater extent than it exports relative to the total that it imports – that nations compete against each other economically – that the maximum possible accumulation of coin inwards the abode province is, or ought to be, the objective of merchandise policy – that (therefore) so-called “trade deficits” are bad as well as “trade surpluses” are adept – that to ensure maximum possible exports relative to imports the province is duty-bound to preclude ordinary people from dealing commercially on their ain individually chosen damage amongst foreigners – and, oh oui!, that for big, rich countries merchandise wars are slow to win.

(It’s to a greater extent than than passing unusual that the premier economical dogma of Trumpian populists has equally its greatest historical practitioner a French baron who served for 22 years equally the Chief Minister of State for the Lord's Day King.)

Also see, Murray Rothbard on Colbert:

 Cold, humorless, difficult as well as implacable, "a human being of marble" equally he was called past times a contemporary, Jean-Baptiste Colbert even then had the wit to engage inwards boundless flattery as well as demeaning personal service to his imperial patron. Thus Colbert wrote to Louis on the occasion of a military machine victory, "One must, Sire, stay inwards still wonder, as well as give cheers God every twenty-four hours for having caused us to last born inwards the reign of a virile someone monarch similar Your Majesty."

And no service to the Lord's Day King was besides demeaning. Colbert searched for the king's missing swans, supplied Louis amongst his favorite oranges, arranged for the nascency of the king's illegitimate children, as well as bought jewels for mistresses on the king's behalf. 

-RW  

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