Posted on 06/30/2016 8:53:36 AM PDT by Kaslin
I think that it was Confucius who defined a knowing person, as one who knows what he knows and knows what he does not know. Mr. Chapman does not quite make the grade. He completely ignores the hidden costs, social, economic & long-range, in what he advocates. Whatever is saved in immediate expense, by having essential industrial products manufactured overseas, may be lost in the social damage to American communities; in the diversion of tax revenues to welfare payments to those who might otherwise be gainfully employed; in the possible loss of a future war, because of an inadequate domestic industrial potential, etc..
Remember that it was the incredibly large American industrial capacity, which enabled the allies to win World War II.
I do not necessarily disagree with the writer's postulations of near term monetary cost factors. Where he is truly pathetic, and completely out of his league, is in his cavalier ignorance of less immediate, less easily measured costs. Again, he is clearly "not one who knows."
Trump, being a master sales person, knows the best "deals" are essentially "win-win" for both sides. . .but must be negotiated from a position of strength. Thus, most of what Trump reveals about his plans is actually another important sales method called "bringing the pain." It's saying things are going to be intolerable unless you play ball on my home court.
I know "deal-making" and compromising scares us conservatives, but, in reality, we have not seen any true negotiating. . .only RINO capitulation and "pants dropping." Ok, Trump is not Reagan, but Trump is not a RINO bent-over with his pants around his ankles, either. Trump can stop the bleeding and turn the country, economically, militarily and socially in the right direction. GO TRUMP!
Our foreign policies and trade laws are a complete corrupt disaster and have been for decades Kaslin. But the article you posted says it’s Trump who has it all wrong. It’s interesting what you post here.
Btw, are you still a Bush fan as your home page indicates?
Are you unable to communicate?
90 million in the U. S. out of work
those that changed the trade policies...
anyone who disagrees with us knows nothing
we're the experts...
Trump is their reality check, and it's about damned time...
Other countries impose tariffs and currency manipulations and we are left with no jobs and fewer businesses. So how are these free markets fair?
At least he knows his birthdate, his kids’ names, his wife’s name, how many states there are, his favorite sound most definitely isn’t that awful muslime screech, and he and his wife aren’t ashamed of America.
I think that it was Confucius who defined a knowing person, as one who knows what he knows and knows what he does not know. Mr. Chapman does not quite make the grade. He completely ignores the hidden costs, social, economic & long-range, in what he advocates. Whatever is saved in immediate expense, by having essential industrial products manufactured overseas, may be lost in the social damage to American communities; in the diversion of tax revenues to welfare payments to those who might otherwise be gainfully employed; in the possible loss of a future war, because of an inadequate domestic industrial potential, etc..
Remember that it was the incredibly large American industrial capacity, which enabled the allies to win World War II.
I do not necessarily disagree with the writer's postulations of near term monetary cost factors. Where he is truly pathetic, and completely out of his league, is in his cavalier ignorance of less immediate, less easily measured costs. Again, he is clearly "not one who knows."
Excellent analysis. Thank you.
Yes. And let's not forget that Trump has built successful businesses all over the world. If anybody comprehends the mechanics of international trade, it is he.
I am so sick of this schlock. It is possible to be pro free trade while also being pro fair trade. If our supposed partners are cheating or getting benefits from the deals never intended, they why can’t we revisit them? Were they suicide pacts? Are they like social security, that third rail you don’t touch?
When did common sense become an alien concept?
... Well do you want a hands on person who has actually worked in the business world, or do you want the ivory tower, overly educated ignoramous’ professors that can’t find their way out of a wet paper bag??
Do you want an Adam Smith type or the John M Keynes type. We’ve had Keynesian Economics for the last 8 years or more — maybe it’s time to switch back to Adam Smith and the old Classical Economics — get rid of regulations, Laissez Faire so to speak after we’ve imposed sanctions/tariff/tax on the tradeous violators and begin to have the economy under control! or when our economy begins to return back to P* and. Q*.
And of course, we must win for those who will come after us; those who trust us to have done better than we have done, lately, to preserve what is irreplaceable.
YES HOWEVER that was when the Federal income tax did not exist. Tariffs was the money raised to run the government. Start a tariff war with federal income taxes in place kills the middle class because on top of federal income tax tariff recoup from products is passed to the consumer. There hang been a recent example of a sustainable 10 years period in which tarrifs have produced jobs
Just doesn’t happen
There had been no greater currency manipulation than the Federal Reserve. No damage by any other nation has been caused by any other country than our very own Fed reserve
China 1990 to present. High import tariffs and huge industrial growth. So you would be wrong. Totally wrong.
If universities had to follow the rules of economics then economics professors would have more credibility.
Every idea works when you can preface them with ceteris paribus.
The tarrifs haven’t provided or supplied China with jobs enmasse and haven’t built up the middle class. Their production has done that. The US starts a tarrif war you can bet anything on it the middle class here would be killed. Getting government out of the way is the only solution. It would allow for the free building of production factories uninhibited for product production and sale inside the US. Why would we ever in our lives think it’s conservative to allow the government to pick the winners and losers of products in a free marketplace by imposing tarrifs? That is called totalitarian control and is in no way a free market.
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