Source: Libertarian Institute
by Thomas Eddlem
“The other day, my wife made me a sandwich, and I ate it. Who benefitted from this transaction? I enjoyed the good, but my wife did all the work. I like to think I benefitted from the transaction. It’s in the enjoyment of a good that’s the benefit of the good. The labor in creating the good is necessary, and often troublesome, but it’s not the benefit of the good. But President Donald Trump and defenders of economic protectionism who despise trade deficits think my wife cheated me because she had the privilege of doing all the work. Or, at least that’s the implication protectionists make in their public pronouncements on U.S. trade policy with the world. I now have a sandwich trade deficit with my wife, according to them.” (10/13/26)
https://libertarianinstitute.org/articles/protectionism-and-sandwich-economics