“What protection teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.”

protectionists tariffs are an interesting gun with which to shoot one’s own foot off. Good for China though. They get to take over as the central trading entity, and they didn’t have to do anything! We shot our own foot off.

Both stable and genius

Well you can sanction an adversary or a nemesis or you can sanction yourself.

Sometimes it doesn't make any difference because it's the same action.

How can you get more stable than that?