Posted on 10/16/2017 12:07:04 PM PDT by TBP
Trump ran on border taxes and tariffs. It must have taken some real mental gymnastics for you to vote for Trump against your religion.
We have enough customers right here.
Prices determine markets. When American companies can no longer produce cheap crap, it will be done in China, for everyone’s benefit.
His collection of data made it clear that monopolies (mercantilism) were drags on the economy.
Having larger markets spur the further division of labor not possible in small ones. This increases production and lowers prices for the consumer. Hence, the reason we have international trade.
Adam Smith’s theory was something to shoot for not an actual accomplishment. The establishments profited from Protectionism hence were bitterly opposed to it.
Your last comment is just a Straw Man not a relevant or intelligent one.
The same arguments can be made about why sales or income tax shouldn’t be in place.
Re-read my post. I’m on your side.
I agree, that was one of the reasons I opposed Obamacare.
You do realize tariffs would grow government as well as pit portions of the economy against themselves.
I’m sorry I was in the attack mode. I am not used to having allies. Friendly fire accident.
These people are ready to throw themselves into the flames because they see the World Economy as a Zero Sum Game.
And everyone already has a toaster here, right?
I understand trade very well, and have read The Wealth of Nations.
I have also studied Capital Stock Adjustment theory and Friedman, Keynes and the Austrian School.
When discussing “free trade”, none address the fact that all the nations are predatory mercantilists.
Every single one of them.
Do you propose the US eliminate all trade barriers?
Apparently our founding fathers thought industry was important enough to enact tariffs in 1789 - the USA’s first law.. I don’t remember any of them self immolating with fire.
One thing you left out.
Along with the offshoring of manufacturing jobs, we have increasingly been offshoring technical, engineering, I.T., back office, agricultural, financial, and virtually anything else that can be done remotely. Add to that a massive influx of low skilled immigrant and illegal laborers over the last 20 years, along with dealing with heavily subsidized communist regimes and their forced technology transfers and rampant intellectual property theft, and it makes sense why nobody in their right mind would want to do business in the US.
Don’t forget, this has been going on for over 40 years. Many FRee traitors have made a fortune from selling out to third world communist regimes, and many have retired very wealthy from this process.
I understand trade very well, and have read The Wealth of Nations.
I have also studied Capital Stock Adjustment theory and Friedman, Keynes and the Austrian School.
When discussing “free trade”, none address the fact that all the nations are predatory mercantilists.
Every single one of them.
Do you propose the US eliminate all trade barriers?
The process of creative destruction is not limited to one economy, it is a world-wide and irrepressible process. A process produced by Freedom. Capitalism is produced by trying to provide more for less this means constant change.
There are federal retraining options and programs for people whose job is lost overseas.
Should the Horse Blinder industry have been protected from automobiles? Should American tv manufactures obsolete tube technology have been protected from the competition from Japanese printed curcuit and transistor technology?
“Your last comment is just a Straw Man not a relevant or intelligent one.”
Given your concession that Smithsonian Free Trade has never been accomplished, I assert my last comment is the ONLY relevant or intelligent commentary on this subject.
So, I’ll post it again for your edification:
“And if folks want to take down all defenses to all the other Mercantilists, they are just stupid, or suicidal, or both.”
It will be if we economic nationalists(patriots) get our way. That is what we are fighting for. You Free Traitors™ control both parties. That has been a terrible thing for so long. All economics is political.
We make NEW products.
You are arguing against the Export Cycle:
1 A new product is created;
2 the technology is perfected and rationalized here and prices and production are maxed out;
3 the product is exported;
4 companies in the export receiving country figure out they can produce the product with a lower price;
5 that product ceases to be produced where it was initially created BECAUSE OF MARKET FORCES.
Process starts all over.
We need to foster CREATIVITY not protect obsolescence. That is the well-spring of expanding the economic life.
Free trade is fine.
What the President and most of us here is for free trade to be FAIR trade.
Those aren’t Free Trade, just a caricature of the concept. Government’s claws are truly off actual free trade.
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