Tag Archives | Buy American

Reality TV Inventor Loses Big to ‘Buy American’ Fallacy

Bad economics and reality television just made Donny McCall an overnight hero. Unfortunately for him, it’s all for naught.
On a recent episode of ABC’s Shark Tank, a show that features a panel of super-rich investors negotiating investment proposals from entrepreneurs, Invis-a-Rack owner Donny McCall was denied $100,000 to help expand his business because of…

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Buy American! Or Not.

We hear it all the time: “Buy American”. Indeed, presidential candidate Rick Santorum (who semi-won the Iowa caucuses last night) just received the endorsement of the Conservative Party USA because he apparently “understands that ‘Buy American’ is the key to reviving the US economy”.
I am not going to guess as to Mr. Santorum’s motives…

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