A Dangerous Gambit...Devaluing the dollar won’t pay off.

City Journal ^ | August 20, 2024 | Patrick Horan

[Brian Griffin]

We’ll be better off with a lot more consumer product industry in the US even if it only adds 500,000 jobs.

[central_va]

< bullcrap type=pure > The tariff threat strategy is also risky. Since 2018, the U.S. has been fighting a trade war with China, as each country has imposed several rounds of tariffs against the other. If America levies tariffs against countries for failing to appreciate their own currencies, it should expect further retaliation. A recent Tax Foundation study found that tariffs from the Trump and Biden administrations have amounted to a $625 annual tax on Americans and have cost the U.S. the equivalent of 142,000 jobs. A new wave of tariffs would add to this pain. < /bullcrap >

Not having a tariff is risky. Anway the USA has been in a trade war with the entire world since 1990. Well if you call complete capitulation a war....

[Red Badger]

USA has been in a trade war with the entire world since 1789.

Until the Income Tax was instituted, the main way the government raised funds as through tariffs............

[central_va]

Wages are so pushed down the $35/hr would raised Wally World prices very much.

[fella]

Our Congress Critters have been doing that since they took the dollar off of silver. Now a nickle candy bar cost $2.25 plus sales tax.

[fella]

"Buy gold. That’s the only take away from this insanity."

I prefer none perishable foods, ammo and trade goods such as salt, soap, pool shock and water filters.

[central_va]

Why does any manufactured good the USA needs have to be made in Mexico or Canada?

[central_va]

I stand corrected.

[Vermont Lt]

The assumption is you’ve already got that taken care of. Gold is to retain wealth AFTER a crisis.

[fella]

Ezekiel 7:19.

[Alberta's Child]

There’s still an underlying economic force at work. In mass production (as in almost any business endeavor), products must be sold “upward” — i.e., the whole process is conducted in an economic paradigm where those who make a product are selling it to customers who are wealthier than them.

When your society has the highest standard of living in the history of mankind, it’s much more difficult to find customers to buy at the price point needed to support the wages of the people making any given product. That’s why the biggest U.S. manufacturing operations these days involve products that are sold not to people, but to governments and major corporate customers. Boeing aircraft is a perfect example of this.

[unread]

"Donald Trump's running mate, Senator J. D. "Vance of Ohio, maintains that a weaker dollar is necessary for creating more manufacturing jobs."

Horse crap.!! Devaluing the dollar is exactly what's going on right now.! If your your money buys less, it's because it's worth less.. And if that continues it becomes worthless.

Unearned dollars are the problem. That's what's causing deflation of our money. The stinking government is printing money like it's free. :(

[T.B. Yoits]

In mass production (as in almost any business endeavor), products must be sold “upward” — i.e., the whole process is conducted in an economic paradigm where those who make a product are selling it to customers who are wealthier than them.

In mass production, products are often sold downward, where those who make a product are selling it to customers who are poorer than them, such as selling rubber bands, bubble gum, and pencils by the millions to schoolkids with little to no money.

Cigarettes, alcohol, and a thousands of other items follow the same model.

[Alberta's Child]

1. Most of what is “sold to schoolchildren by the millions” is actually sold to SCHOOLS, not the students. That reinforces my point that the real customer for more and more domestic production is the government, not individual consumers.

2. Your point about alcohol and tobacco is a good one, but addictive vices are not necessarily going to abide by conventional economic forces.