Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Last Dakotan
If the goal of either currency manipulation or dumping or both is martial (i.e. the damage of a strategic industry needed for war when war is imminent), then tariffs or even a suspension of trade is required.

Otherwise, if someone like China or India has a resource (labor or otherwise) which is cheaper (even if because they are undervaluing it), non purchase of that resource weakens our markets because we are artificially propping up domestic labor and resource markets at the sacrifice of consumers.

Has this always been the case...yes. A study of the British Empire and its colonies provides a huge pile of test cases.

Must domestic industries compete with and adapt to foreign supplies of labor and resources?

Well, duh!

71 posted on 02/13/2011 5:16:12 PM PST by SonOfDarkSkies ('And what rough beast, its hour come round at last, slouches towards Bethlehem to be born?' Yeats)
[ Post Reply | Private Reply | To 42 | View Replies ]


To: SonOfDarkSkies
If the goal of either currency manipulation or dumping or both is martial ... then tariffs or even a suspension of trade is required.

If it is required, how come we don't have countervailing tariffs imposed right now against China?

234 posted on 02/13/2011 7:49:20 PM PST by Last Dakotan (Hunting - the ultimate in organic grocery shopping.)
[ Post Reply | Private Reply | To 71 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson