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No, Mr. President-Elect, the Dollar Is Not 'Too Strong'
Real Clear Markets ^ | January 18, 2017 | John Tamny

Posted on 01/18/2017 5:19:10 AM PST by expat_panama

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To: CodeToad

Looking forward to it! Sure, he might raise a tariff here and there, but so did that black guy. We survived.


101 posted on 01/18/2017 8:32:46 AM PST by 1rudeboy
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To: central_va
My point is that if you construct two identical versions of the same resort hotel -- one in Detroit and the other in Dubai -- the one in Detroit would be worth a fraction of what the one in Dubai would be worth. One big reason for this is that even American protectionists would rather go to the one in Dubai.

Do both of these projects actually involve the creation of "wealth?"

102 posted on 01/18/2017 8:35:02 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
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To: 1rudeboy

You created wealth when you actually made things. Each individual “widget” may not have much intrinsic value but in the aggregate that was real wealth. When you got promoted your services were perhaps deemed more valuable to your company as a whole. But you are still piggybacking on those who are still making the “widgets”. No “widgets”, no job for you.


103 posted on 01/18/2017 8:35:29 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

If I’m a medical doctor in the emergency room of a Level 1 trauma center, do I create wealth when I go to work every day?


104 posted on 01/18/2017 8:39:09 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
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To: Alberta's Child

Building a hotel in Dubai has nothing to do with importing products to the USA. Now if by some magic you could build the hotel in country X and ship it to country Y then that would be relevant. Since you can’t ship hotels it is irrelevant.


105 posted on 01/18/2017 8:40:03 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Alberta's Child

Doctors, dentists, mechanics, nurses, landscapers, etc. are service providers. They are transferring wealth from your “treasure chest” to their “treasure chest” in exchange for a service.


106 posted on 01/18/2017 8:42:56 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Interesting. And here I was, thinking that I was creating wealth so that my company could hire more people to make widgets. Maybe I should’ve moved to that island to collect seagull eggs. I’d really be creating wealth, instead.


107 posted on 01/18/2017 8:44:21 AM PST by 1rudeboy
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To: central_va
I beg to differ. The emergency room doctor protects and preserves wealth.

If a guy who allegedly "creates wealth" by working in a mine or manufacturing plant is involved in a major car crash and ends up surviving and being restored to health by the ER doctor, then didn't the ER doctor play a valuable role in the mining production process even though he never worked in the mine, was never employed by the mining company, and may even live 2,000 miles away from the mine?

To put it in the context of your post ... without the ER doctor, there would no longer have been any "treasure chest" to speak of, from the mine worker's standpoint.

108 posted on 01/18/2017 8:49:31 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
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To: 1rudeboy
Maybe I should’ve moved to that island to collect seagull eggs. I’d really be creating wealth, instead.

LMAO.

109 posted on 01/18/2017 8:50:10 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
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Comment #110 Removed by Moderator

To: CodeToad
I couldn’t give a sh*t

Understood.  You know there's stuff you can take for that and you really need to get that taken care of.  Meanwhile you might want to refrain from posting comments on this thread as your condition's making you sound like some kind of goofball and I can only imagine how embarrassed you'll be when you feel better. 

Not to worry, we all got problems.

111 posted on 01/18/2017 10:27:35 AM PST by expat_panama
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To: RegulatorCountry
  Show me the money or drop it.

You people have gotten lazy...

Show me the money or drop it.

112 posted on 01/18/2017 10:45:49 AM PST by expat_panama
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To: expat_panama

For some odd reason you seem to believe you’re in control here. You sound like Paul Ryan.

You people have gotten lazy and overcompensated. It’s time you learned to compete.


113 posted on 01/18/2017 10:48:23 AM PST by RegulatorCountry
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To: central_va
The purpose of a tariff is to artificially hike the price of the import making the domestic source more profitable resulting in more Americans working and reducing the welfare money spent. Win-win.

Raising the price consumers pay would actually make that Win-win-lose.

114 posted on 01/18/2017 11:21:07 AM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: CodeToad
The last thing we need is a weak dollar and more imports as these anti-Americans on FR keep advocating.

A weak dollar would make imports less competitive and our exports more competitive. I didn't see any anti-Americans advocating for that, did you?

115 posted on 01/18/2017 11:55:48 AM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: CodeToad

The last thing we need is a weak dollar and more imports...


I’m not advocating a weak dollar but I am asking YOU, please explain, how does a WEAK DOLLAR cause MORE IMPORTS?

To me it’s the opposite. A STRONG DOLLAR buys more goods from other countries.

A WEAK DOLLAR makes American products cheaper in other countries.


116 posted on 01/18/2017 11:59:01 AM PST by samtheman (delete * from executive orders where author=obama)
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To: expat_panama

For later


117 posted on 01/18/2017 12:01:19 PM PST by Lord Castlereagh
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To: xzins

Free trade my furry behind! Again we get screwed in a trade deal and we just accept it. I hope Trump says no taxes for both parties or we charge the same as you.

I heard last fall we charge a tax on all of our exports, we are blooming, walking, talking morons.


118 posted on 01/18/2017 12:03:12 PM PST by sarge83
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To: Toddsterpatriot
The American people are not afraid of fighting the trade war we are up to our necks in. Any temporary inflation that a tariff will cause would be an inconvenience on the road to self sufficiency and prosperity. We need to take the off ramp on the highway to socialism that the globalists are happily leading us down. Like I said of course there will be some, perhaps as high 30% inflation for durable goods. But this is a one time adjustment. I would prefer to go slow on tariff duties and gradually increase them over time but even the Draconian instant 30% is OK with me.

But there really is no alternative at this point. The wage inflation of the 1970's will not,cannot, happen. It is obvious that the American worker in 2017 has no leverage in this regard at all. A tariff will cause commodity inflation with domestic re industrialization and increased supply steadily picking away at it and moving it in the other direction.

119 posted on 01/18/2017 12:05:22 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: samtheman

Never said it did. I said both are not needed. I did not say they were a corollary. Learn to read.


120 posted on 01/18/2017 12:16:40 PM PST by CodeToad (If it weren't for physics and law enforcement, I'd be unstoppable!)
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