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Economists tear apart Peter Navarro's 'national security' argument

Rare Earths, Old ScamsPower Wears a FlagThe source gives away the real story even as it tries to launder it through geopolitics: Trump’s Pentagon is handing public money to rare-earth companies, and Trump’s own orbit is still positioned to profit from the same industrial scramble. Navarro dresses that up as strategic necessity. That is the cover story. The actual institutional power sits with the White House, the Pentagon, and the administration’s network of favored firms.This is not a market discovering a national emergency. It is a government deciding which companies get taxpayer backing…

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