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Free Markets

Daily Bread for 3.24.25: Retaliatory Tariffs Target Wisconsin Industries

Good morning.

Monday in Whitewater will be windy with a high of 45. Sunrise is 6:50 and sunset is 7:12, for 12 hours, 22 minutes of daytime. The moon is a waning crescent with 28.7 percent of its visible disk illuminated.

Whitewater’s Urban Forestry Commission meets at 5:30 PM and the Police and Fire Commission at 6 PM.

On this day in 1603,  Tokugawa Ieyasu is granted the title of shogun from Emperor Go-Yozei, and establishes the Tokugawa shogunate in Edo, Japan.


Sowing, reaping:

Farm and construction equipment manufacturers started the year with high hopes for the economy, bolstered by President Donald Trump’s campaign promises to cut taxes on domestic producers and slash government regulations.

But that optimism has given way to fears of a possible recession, sparked by Trump’s international trade war, said Kip Eideberg, senior vice president for the Association of Equipment Manufacturers, a national trade group based in West Allis.

“If we are dragged or pushed into a recession as a result of the tit for tat tariffs, that’s a whole ’nother level of pain,” he said. “That’s the biggest fear right now.”

….

China, Canada and the European Union plan to hit Wisconsin’s two largest industries, agriculture and manufacturing, with retaliatory tariffs. The moves come in response to Trump’s tariffs on steel and aluminum and his broader threats and use of tariffs.

Almost 10 percent of Wisconsin’s jobs — or nearly 300,000 — were in industries those countries are targeting. That’s the largest share of any state in the country, according to an analysis from The New York Times

See Joe Schulz, Retaliatory tariffs target Wisconsin’s top industries, Wisconsin Public Radio, March 21, 2025.

From the New York Times, here’s the portion of the story to which the WPR story refers:

Rural parts of the country are once again at risk from retaliation. Agriculture is a major U.S. export and farmers are politically important to Mr. Trump. And rural counties may have one major employer — like a poultry processing plant — that provides a big share of the county’s jobs, compared with urban or suburban areas that are more diversified.

The retaliatory tariffs target industries employing 9.5 percent of people in Wisconsin, 8.5 percent of people in Indiana and 8.4 percent of people in Iowa. The shares are also relatively high in Arkansas, Alabama, Mississippi, Kentucky and Kansas.

See Lazaro Gamio and Ana Swanson, Trade War Retaliation Will Hit Trump Voters Hardest, New York Times, March 15, 2025.


Why humans have puzzle-shaped cells:

The shapes of these cells are puzzling. They have wavy edges and protrusions and fit together a bit like puzzle pieces. But what is it for? New research looking at the lymph capillary cells, found throughout human tissues, has determined how exactly these tiny vessels are able to let fluid and immune cells pass through between them while also being strong enough to resist rupturing under pressure. Their unusual shape seems to be key…

Daily Bread for 1.4.25: Reliable Measurements of the City

Good morning.

Saturday in Whitewater will be sunny with a high of 20. Sunrise is 7:25 and sunset is 4:34, for 9 hours, 9 minutes of daytime. The moon is a waxing crescent with 24.6 percent of its visible disk illuminated.

On this day in 1958, Sputnik 1, the first artificial Earth satellite, launched by the Soviet Union in 1957, falls to Earth from orbit.


For today, before going further over the next three days about an upcoming proposal before the Whitewater Common Council on Tuesday, a word about reliable measurements for Whitewater. Sound argumentation rests on a trustworthy foundation.

First, and foremost, what are conditions like truly like? How do people live and carry on each day? Not how a few who have wrung profit out of the city claim Whitewater is, but how ordinary residents living each day know Whitewater is? Will you believe what they tell you, or your own experience?

Second, good data and good reasoning carry the day. A few — too many, really — people in this town have traditionally used bad metrics in bad faith to win the day at the expense of general conditions all around us. They’ll mix and match any number of inapplicable measures or standards to prevent change. Those peddling in fear, uncertainty, and doubt use those techniques to their advantage, at the expense of market opportunities for others.

Ferocious opponents of progress, no matter how edgy and agitated, no matter how long-winded, are then and there simply blocking opportunity with a puffed-up display. Even the most furious Tasmanian Devil, it turns out, is no more than a creation of Warner Bros.

Those who stick to sound observation and sound data will serve Whitewater well.


Daily Bread for 1.3.25: The Market Barriers in Whitewater

Good morning.

Friday in Whitewater will be partly sunny with a high of 22. Sunrise is 7:25 and sunset is 4:33, for 9 hours, 8 minutes of daytime. The moon is a waxing crescent with 15.7 percent of its visible disk illuminated.

On this day in 1777, after victory at the Second Battle of Trenton the day before,  American forces under Genera Washington then defeat British forces at the Battle of Princeton, helping boost Patriot morale.


There’s a story one sometimes hears, including in Whitewater, that there are only two forces shaping an economy: private and public. In this story, the private endeavors of individuals and businesses are defined as necessarily encouraging of general prosperity, and the public reach of government as necessarily restrictive of general prosperity.

While it’s a story, it’s also a false story, and sometimes no more than a self-serving lie.

Prosperity rests on the free interactions between individuals, businesses, and government. The relationship (of free action) precedes the result. That’s why libertarians (bona fide ones, who read more than superficially) are free-market men and women.

Government constrains, but not only government constrains. There are private men and private business, including those who proudly tout their ‘pro-business,’ ‘pro-growth’ outlook, but who stifle growth and inhibit the economic liberty of others.

They’re not the champions of positive change but its adversaries. They oppose competition.

How does this happen, that private men and incumbent businesses work against the economic liberty of others?

Here are a few ways (and residents of Whitewater will recognize them):

Control of government agencies and boards to favor cronies and limit alternatives. These private men don’t bother to count to 15,000, but instead stop at 4 of 7, simply enough to run a board or commission for their benefit and to the detriment rival businesses or individuals. This is regulatory or agency capture (shaping regulations their way, or controlling the whole agency and dismissing anyone who won’t go along with their selfish ambitions).

They’ll say this is what the people want, but they’ve not bothered to poll a community; they merely assert that they know the popular will. They’ll point to a few co-opted people as though a few were many. To gather these few, a special interest will rely on any claim imaginable, spreading fear, uncertainty, and doubt about potential rivals with better ideas and new approaches.

Control of a market by monopoly or oligopoly. We think of this approach as applicable only on a large scale, but it happens in small communities, too. One or a few private men will control an entire market and fight to keep new, rival businesses (especially ones with fresh ideas) from forming. They’ll buy resources and deny access to those who’d like to compete in a free market. Many are the one-horse towns where the old horse fights like hell to keep new horses from showing up, so to speak.

Whitewater has had both of these problems for many years. In Whitewater, specifically, It’s not government that has held people back, it’s scheming and selfish private men who think that they own the place and work to keep new enterprises from taking root.

When they talk ‘pro-business,’ they mean their businesses, their opportunities, their way. Indeed, they simply deny, at bottom, that there could be any other way than their businesses, their opportunities, their way.

Here’s a key technique: they’ll argue against any better opportunity for others in favor of an imagined perfect opportunity that they know won’t arrive. They’re like bakers who tell the hungry not to make their own bread but instead to wait for cake and caviar.

Again and again: Who owns Whitewater? Everyone and no one.

There’s no reason for residents in this town to deny themselves better opportunities for the sake of a few old men who insist that it must be their way or no way. The adversaries of free markets in Whitewater are private men who want to deny opportunity for others. No one in Whitewater lives at the pleasure of these aged schemers, no one here was born merely to deny himself or herself better life on an incumbent’s behalf.

Open the market to alternatives, and let people freely choose among them.


Daily Bread for 3.20.24: A Legal (and Free Market) Victory Against the National Association of Realtors®

 Good morning.

The first full day of Spring in Whitewater will be sunny with a high of 40. Sunrise is 6:55 and sunset 7:08 for 12h 13m 11s of daytime. The moon is a waxing gibbous with 81.3 percent of its visible disk illuminated.

Whitewater’s Parks & Recreation Board meets at 5:30 PM

On this day in 1815, after escaping from Elba, Napoleon enters Paris with a regular army of 140,000 and a volunteer force of around 200,000, beginning his “Hundred Days” rule.


 

For generations, the National Association of Realtors® has controlled (as though it were part monopoly, part cartel) the process of buying and selling homes. That control has now come to an end with much of the credit going to a personal injury lawyer in Missouri and his five clients. 

The end of the Association’s stranglehold on the housing market is a legal victory that’s brought about a free-market victory for buyers and sellers. See Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits (‘The National Association of Realtors will pay $418 million in damages and will amend several rules that housing experts say will drive down housing costs’) and Five Ways Buying and Selling a House Could Change (‘The National Association of Realtors has agreed to change its policies to settle several lawsuits brought by home sellers — a move that could reduce commissions’). 

These changes won’t solve housing shortages in Whitewater or other small towns, but they will benefit buyers and sellers across the nation in reduced commissions. (America has had among the highest commission fees in all the developed world.)

Well, done, Missouri attorney Michael Ketchmark and clients. You’ve helped all the nation end entrenched, expensive, anti-competitive practices. 


Notre Dame Cathedral could reopen at the end of 2024 as new spire emerges:

Daily Bread for 10.16.22: Our Dairyland Needs Dairy Workers

Good morning. Sunday in Whitewater will be partly sunny with a high of 51. Sunrise is 7:10 AM and sunset 6:09 PM for 10h 59m 28s of daytime. The moon is a waning gibbous with 60.9% of its visible disk illuminated. On this day in 1923, The Walt Disney Company is founded. Embed from Getty Images…

Daily Bread for 9.28.22: Local and National Views of Child Poverty

Good morning. Wednesday in Whitewater will be mostly sunny with a high of 58. Sunrise is 6:49 AM and sunset 6:40 PM for 11h 50m 44s of daytime. The moon is a waxing crescent with 7.6% of its visible disk illuminated.  Whitewater’s Parks & Recreation Board meets at 5:30 PM.    On this day in 1781,…

Daily Bread for 9.27.22: Housing Opportunity and Opportunity’s Adversaries

Good morning. Tuesday in Whitewater will be partly sunny with a high of 56. Sunrise is 6:48 AM and sunset 6:42 PM for 11h 53m 38s of daytime. The moon is a waxing crescent with 2.8% of its visible disk illuminated.  Whitewater’s Finance Committee meets at 4:30 PM.   On this day in 1777, Lancaster, Pennsylvania becomes…

Daily Bread for 9.26.22: Up from Business to Markets

Good morning. Monday in Whitewater will be partly sunny with a high of 60. Sunrise is 6:47 AM and sunset 6:44 PM for 11h 56m 31s of daytime. The moon is a waxing crescent with 0.6% of its visible disk illuminated.  Whitewater’s Urban Forestry Commission meets at 4:30 PM, and the Whitewater Unified School District’s board…