By Walter E. Block
Walter's Newsletter
April 19, 2024
Nippon Steel-Japan's largest steelmaker-has offered to buy U.S. Steel for $14.1 billion, and all the people who count are frothing at the mouth. For example, President Biden has stated: "U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated."