Source: Garrison Center
by Joel Schlosberg
“Wall Street Journal editor Matthew Hennessey correctly observes that vice-president JD Vance could stand to brush up on his economic education (‘Vance is Wrong: The Market Isn’t a ‘Tool,” May 27). He may have learned the essentials of exchange at Ohio State and Yale, but ‘speaks as if he didn’t.’ Yet Vance’s remark that ‘the market is a tool, but it is not the purpose of American politics’ is not so much incorrect as an inadvertent self-indictment. To Hennessey, ‘laws of economics,’ akin to ‘laws of gravity,’ mean that economies ‘can’t be bullied into compliance with a political agenda.’ To the contrary, manipulative politicking all too often pushes the populace to take the fall.” (06/01/25)