Patent Monopolies Are Not Free Trade

April 14, 2018

We get that the Washington Post likes policies that redistribute income upward, but they should be able to argue the case for making the rich richer without turning logic on its head. Apparently, the paper lacks confidence in its position.

This piece also tells readers about a new initiative to promote women’s businesses in Latin America:

“Among the members of the US delegation was Trump’s daughter and adviser, Ivanka, who on Friday morning announced a new $150 million US initiative to help women in Latin America access credit for businesses.”

It would be useful if the piece explained something about this initiative. For example, is this $150 million (0.004 percent of annual federal spending) a grant that will have to be appropriated by Congress? Is it a loan fund, which would also require legislation? Is it a commitment from the Trump Foundation?

If the paper was not prepared to provide any information about this initiative, it should have explained why.

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