Posted on 03/06/2016 5:24:31 AM PST by saywhatagain
The problem is that trade partners will retaliate.
Mexico and China have NO MEANS OF RETALIATING!
They Need US, We DON’T need them.
Hmmm. Interesting objection. If we apply a tariff they’ll retaliate by putting one on our goods? But we actually export relatively NOTHING to China.
You’re saying they’ll put a tariff on goods we’re not allowed to sell in their country anyhow? So suppose they impose a 50% tariff. 50% of nothing is NOTHING! I fail to see the downside you’re so desperate to predict.
GO TRUMP!
Devaluing their currencies in a very benign way? Does that mean when they rape us they use a condom? Isn’t that kind of them?
This guy never read The Art of the Deal. The threat of a tariff with some countries is only a bargaining tool; to induce the other country to balance their manufactured goods SOLD TO US BY THEM, with an equal value of goods and agriculture products BOUGHT BY THEM FROM US.
All Trump insists upon is a level playing field. It’s more involved than the above, but that’s the basic premise.
This sad bit of dogma is more like dogshit on the sole of your shoe, it is only true if you have a trading surplus.
If you are working from a negative position, and you trading "partner" already has a 45% tariff on specific items, your 45% tariff on their goods will level the trading field.
The majority of the chinese operation is with the USA and they cannot afford to shut the trade doors with us.
Gold was $20 per ounce and circulated freely with other money and currency in 1929.
In 1933, FDR came along and said gold was $35 per ounce and no American was allowed to possess any of it.
But that wasn't inflation, was it?
ML/NJ
Depression means as it says, prices for everything are depressed. Inflation is the exact opposite. You can’t have both at the same time.
There was severe depression in Germany that led to the rise of Hitler, but postage stamps went to millions and then billions of marks. In the US, the first class postage rate was two cents throughout the 1920s, and was raised to three cents in the middle of 1932.
I think you need to take an economics class.
ML/NJ
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