Indeed, most of the industries targeted by the Biden "Promoting Competition" EO - Healthcare; Transportation; Agriculture; Telecoms/Tech; Banking - are insulated from foreign competition (goods, services, labor) by law/regulation. Other than Canadian drugs, the EO ignores this.
IN FACT...
(that's the Biden EO factsheet - very competitiony whitehouse.gov/briefing-room/…)
Cabotage laws (air, waterborne); restrictions on foreign medical providers or drugs approved overseas; food and fertilizer protectionism; foreign wireless carrier restrictions... etc etc. Plenty of reforms available!
Meanwhile, "far from empowering anti‐​consumer and anti‐​competitive behavior, globalization actually serves as a crucial check thereon. New research from economists at the New York Fed makes this connection clear..." cato.org/blog/senator-h…

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More from @scottlincicome

9 Jul
"The government should turn Twitter into Gab" is quite the take tbh
Can't spell Nationalised Social Media without National Socialism!
(had to use the euro spelling there for the joke to work but think it landed so it's fine)
Read 4 tweets
29 May
There's apparently a small(ish) black bear roaming around inner-suburban Raleigh (ITB, near Village Square). Multiple sightings in people's backyards. Crazy.
Here it is yesterday abt 3-5 miles from where it was just spotted earlier today. Not that small!
Honestly not sure how I'd react to seeing this guy/gal in my backyard. Sheet terror, probably.
Read 7 tweets
28 May
The bright side of owning this MG is that I'm learning a TON about how cars work.
Got the MG running again all by myself and now I feel like
However (sigh), this fix is only temporary. Appears the carb needs to be rebuilt, and that is way - WAY - above my pay grade. Sigh.
Read 4 tweets
25 May
"Greenville's Spin Away From Textiles Brings Million-Dollar Condos" costar.com/article/205751…
"Greenville... has transformed from a city once reliant on the textile industry into one with a diverse economy and vibrant downtown that's lured major companies..."
"As the city’s textile industry started to diminish, auto manufacturing began replacing those lost jobs from companies such as French tiremaker Michelin and German automaker BMW."
"Michelin brings in people from France, BMW draws from Germany and TD Bank, based in Toronto, brings executives from Canada. The buyers of the pricey townhouses downtown are from cities such as Chicago and Washington, mostly retirees or people buying second homes"
Read 5 tweets
10 Apr
Padres have a no-hitter thru 6.2 IP. Nobody jinx them!
NOW IT'S A NO HITTER THRU 7 IT WOULD BE THE FRANCHISE'S FIRST NOBODY TALK ABOUT IT SHHHH
He's got it. Game over. Congrats Joe Musgrove!
Read 4 tweets
9 Apr
The results are... OK. Not great. If I were Bezos, otoh, it would be all Alexa did.
Seriously, why has so-called "science" NOT made a supercomputer AI that does nothing but compute hypothetical fight scenarios?
I swear if we someday discover tjay the Billionaire Tech Bros keeping this breakthrough technology all to themselves, I'm gonna go Full Bernie on them.
Read 4 tweets

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