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Restricting Trade Is Calamitous Policy
The Foundation for Economic Education (FEE) ^ | Wednesday, January 25, 2017 | Cathy Reisenwitz

Posted on 01/25/2017 8:52:08 PM PST by TBP

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To: 1rudeboy

Drinking that piss water would boggle any mind.


21 posted on 01/25/2017 9:08:29 PM PST by pissant ((Deport 'em all))
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To: TBP
This "analysis" is BOVINE EXCREMENT!

Just WHERE are all of the JOBS that NAFTA was supposed to make materialize in the USA?

Is this a lefty think-tank?

22 posted on 01/25/2017 9:09:37 PM PST by nopardons
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To: TBP

Then why are they so dishonest in presenting Trump’s trade position? They may be nice folks but I do not find their analysis accurate or compelling. Perhaps you also like the analyses in “The Economist”?


23 posted on 01/25/2017 9:10:13 PM PST by JayGalt
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To: pissant

I could be swimming in the stuff and still understand the difference between the budget and trade deficits. Just sayin’.


24 posted on 01/25/2017 9:10:38 PM PST by 1rudeboy
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To: pissant
SPOT ON!

And we need to remember that the EU, which was supposed to be "FREE TRADE" and "help" ALL of its members, sucked for most of the nations and helped a teensy few; those who didn't really "need" any help at all.

25 posted on 01/25/2017 9:11:50 PM PST by nopardons
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To: JayGalt

Dishonest how?


26 posted on 01/25/2017 9:11:58 PM PST by TBP (0bama lies, Granny dies.)
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To: TBP
They make an interesting case that free trade is essential for jobs in third-world countries at the expense of American jobs.

There, fixed it!

Regards,

27 posted on 01/25/2017 9:12:01 PM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: JayGalt
Aaaaaaaaa ha!

Many thanks for that info! I knew it was some stupid, WORTHLESS, POS thing; instinctively.

28 posted on 01/25/2017 9:13:18 PM PST by nopardons
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To: nopardons

As Pat Buchanan pointed out, NAFTA is not free trade. it’s managed, preferred trade.

If tehy wanted to make a free trade agreement, they should just write a one-pager saying “There shall be no trade barriers among these countries.” Simple.

Anything else is NOT free trade.


29 posted on 01/25/2017 9:13:48 PM PST by TBP (0bama lies, Granny dies.)
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To: nopardons

Granted, simply anecdotal—but I have a job that’s NAFTA-related. You know, one of those jobs you hear people mention now and then. A manufacturing job. Just outside of Detroit (where the people that whine the most about the loss of manufacturing jobs don’t want to live).


30 posted on 01/25/2017 9:14:20 PM PST by 1rudeboy
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To: dsc

Tariffs are not free trade. Protectionism is not free trade. “Economic nationalism” is not free trade.

They may be the policies you prefer, but they are not in any way free trade. Nor would President Trump claim that they are.


31 posted on 01/25/2017 9:15:28 PM PST by TBP (0bama lies, Granny dies.)
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To: TBP

How much of that one page would be devoted to translation? Buchanan is a nitwit.


32 posted on 01/25/2017 9:15:40 PM PST by 1rudeboy
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To: TBP

They’re CRAP spewers, which obviously you enjoy swallowing.


33 posted on 01/25/2017 9:16:59 PM PST by nopardons
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To: 1rudeboy

You understand very little. But hey, if we keep incentivizing offshoring of manufacturing, we can all sell insurance to each other.


34 posted on 01/25/2017 9:18:08 PM PST by pissant ((Deport 'em all))
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To: TBP
Same old "free trade" and "unrestricted immigration" are identical argument. People stop listening after a while.

I know the difference between the two, and I also know what free trade really is.

The chief obstacles to free trade are China and Germany. Germany is the leading European source of instability in Europe. There is a relationship here.

35 posted on 01/25/2017 9:18:59 PM PST by Thud
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To: Thud
"free trade" and "unrestricted immigration" are identical argument.

No, they're not, actually.

Actually, it would be calamitous to have both. You have one or the other.

36 posted on 01/25/2017 9:20:42 PM PST by TBP (0bama lies, Granny dies.)
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To: Thud

I lvoe how people just attack FEE, but they don’t actually address teh argument that is made.


37 posted on 01/25/2017 9:21:16 PM PST by TBP (0bama lies, Granny dies.)
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To: Thud

I lvoe how people just attack FEE, but they don’t actually address teh argument that is made.


38 posted on 01/25/2017 9:21:20 PM PST by TBP (0bama lies, Granny dies.)
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To: TBP
Dishonest how?

By distorting the definition of free trade to suggest that such a thing exists at present and that Trump has scuttled it.

There is an unbelievable level of disingenuousness in this article which is why I say follow the money trail.

The conflagration with the 100 largest corporations' profit stream from international business and the trade treaties being good for America is a particularly repellent aspect of the article. Manufacturing has been decimated in America which leads to weakness, and dependency, leaches jobs and prosperity and turns us into a third world nation. It may be good for big business but that is not the important thing for the President to be promoting.

39 posted on 01/25/2017 9:21:49 PM PST by JayGalt
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To: TBP
"As Emory Economics Professor Paul Rubin put it, “Mr. Trump’s anti-immigration and anti-trade positions make him essentially a disciple of mercantilism—a protectionist economic theory refuted by Adam Smith in 1776.”

I think it wasn't Adam Smith, it was David Ricardo and the year was 1817.

The flaw in the FEE article is that what is going on isn't trade, it is international labor arbitrage, something unforeseen by Smith and Ricardo. Paul Craig Roberts has written about this.

More here

Our trade rivals, particularly in Asia, have mastered a model where they keep their home markets restricted for their domestic producers by means of non-tariff barriers. This gives their producers are guaranteed market as they fight it out with American manufacturers for the American market. Our companies, without a guaranteed home market, are at a big disadvantage right from the start.

Countries have interests that go beyond getting the absolute cheapest price on consumer items. Our competitors understand this and as long as they can take good employment away from us and for their own citizens they will do it all that they can.

America's massive manufacturing capacity was once known as The Arsenal of Democracy. You better pray that we don't need it now or any time soon.

40 posted on 01/25/2017 9:22:12 PM PST by Pelham (the refusal to Deport is defacto Amnesty)
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