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To: central_va
Manufacturing is special and is a major wealth creation engine of the economy.

That is only true to the extent that the goods being manufacture enjoy a comparative advantage in opportunity costs of production. Tariffs distort true opportunity costs of production, and might benefit a particular industry to the detriment of the overall local economy.

34 posted on 05/17/2016 2:36:09 PM PDT by VRWCmember
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To: VRWCmember
That is only true to the extent that the goods being manufacture enjoy a comparative advantage in opportunity costs of production.

Eploiting suicidal slave labor is now called "comparative advantage in opportunity cost".

50 posted on 05/17/2016 4:54:19 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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