The downside of a Trump tariff

The Washington Times - When word got out in January 1848 that gold had been discovered at Sutter’s Mill in Coloma, California, near Sacramento, it triggered the famous California Gold Rush, which in a few short years brought some 300,000 fortune seekers to the territory, whose population at the time was just 155,000, most of them Native Americans.

When word got out in January 1848 that gold had been discovered at Sutter's Mill in Coloma, California, near Sacramento, it triggered the famous California Gold Rush, which in a few short years brought some 300,000 fortune seekers to the territory, whose population at the time was just 155,000, most of them Native Americans.

Read the rest of the analysis by Benjamin Powell, professor of economics in the Rawls College of Business Administration, here.