Trump's 'Art of the Deal': a free-market framework

First question, what's your favorite burger joint: Five Guys, Red Robin or Burger King?

Second question, why is Question #1 of paramount importance today?

When "the butcher, the brewer and the baker," as Adam Smith wrote in The Wealth of Nations, are allowed to compete in the free market and sell their goods at the most competitive prices, we all win with better products and services at the best rates. That is how free-market capitalism and Adam Smith's "invisible hand" work to make our lives safer, better and more prosperous.

But what happens when capitalism is thwarted, when foreign governments intervene and give huge subsidies to their corporate "beggars" who "depend chiefly upon the benevolence of [their] fellow citizens"? In the long run, we're all worse off. This was one of the lessons we wanted the millions of our CPAC viewers all over the world to learn a couple of weeks ago. And it is a lesson we want our elected officials to apply as they pursue free and honest trade deals.

President Donald Trump was greeted by cheering activists, enthusiastic students and grateful elected officials at CPAC. As part of his America-first themed address, he pledged to fix "broken and embarrassing" trade deals and protect our economic freedom by carefully constructing future deals. And he continued, "if they misbehave, we terminate the deal."