Yes to tax cuts. (Which John Stossel likes).
Yes to deregulation. (Which Stossel also likes).
No to corporate welfare. (Which Stossel hates).
No to taxpayer-funded subsidies (Which Stossel also hates).
No to free trade if it leads to manufacturing jobs going overseas.
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Libertarians should start their own country with Austrian economics to prove how superior it is. Until then Carlson is right.
Whatever happened to the Free State Project?
Did aliens take over Tucker’s brain yesterday?
...tariffs make society overall worse off...
~~~
Someone help me out with this. It’s been a long time since I saw in economics classes.
Philosophically speaking, if you are a nation with all (or almost all) natural resources, as well as an adequate labor force, tariffs are not bad for society. The way I see it, even though prices may inflate, comparatively, due to the reducing in cheap consumer goods, on the opposite side of the coin those tarifs insulate your mean standard of living from the drain that occurs when all your labor and production is exported, because it forces your economy to internally satisfy it’s own demand with it’s own supply.
Is there a practical reason why this perspective is incorrect?
Out playing rec b’ball last evening- missed Tucker’s show. He usually gets it right, though.
Consider the discussion in Corporate Managers & Immigration, as an example.
I watched that show. And I’m a big Tucker fan. But last night he just went way too far off the farm.
I think Tucker’s heart is in the right place. He’s a big Trump supporter. But apparently he really doesn’t understand free market principles. Here is my simple summary of what Free Markets are:
Free Markets are not perfect and never will be.
All other market solutions are much worse.
With Free Markets there is some bad mixed in with the good. Mess with it and Big Brother will be right there to give you a hand.
Tucker lost a point or two with me last night. I’m still a supporter but I hope someone teaches him a little economics.
ZERO government subsidies.
Here is how they destroy business:
1) company A invests time, money, sweat, and everything else to make a successful company.
2) company B comes along and decides to make a similar product.
3) Company B begs a Politician for ‘subsidies’ to help start the new business.
4) Politician crows about what a wonderful guy he is for helping company B ‘create jobs’
5) Company B makes the product cheaper because he does not have to pay taxes or pay back loans.
6) Company A goes out of business.
7) Company B buys his assets at liquidation prices and
8) Company B asks politician to give him more subsidies to hire company A’s unemployed.
9) Politician crows about how he ‘saved jobs’ for closed company A.
10) Now that there is no competition Company B raises prices to Company A’s level and makes a fortune.
11) Company B donates to the politicians’ campaign so the politician makes a fortune.
This is how a politician colludes with a shady businessman to take over a successful new business.
Tariffs >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> income taxes
Tariff funded our nation for the first Hundred years. All the founders liked them.
Globalists (Lenin was one) hate tariffs and want free trade.
I wish Mr. Carlson had actually studied real Economics. He is so good on everything else that it is almost a shock to have him attack the Austrian School. The tariff fight with China is about National Security primarily. Trump is trying to undo the system whereby China receives our technology secrets and advancements as fast as we create them, through theft. If Trump could simply eliminate all business taxes and all regulatory restrictions on trade the American Economy would rise so fast due to American Innovation which is unparalleled and to American productivity that American goods are actually cheaper than those from any other country and National Security would be much less a concern because our tech would be advancing much faster than China can implement stolen tech.
When the Republicans vote to put us back on the gold standard, then I’ll believe they are in “thrall” to the Austrian school.
The problem with Austrian economics is that you cannot play it alone and expect to survive.
Because NOBODY, and I mean NOBODY else plays that game.
An Austrian in a world of mercantilists will soon be dead as a door nail.
Sure, Smithian Free Trade is better for all when everyone plays. At least in theory.
But it’s a theory that’s never been observed in practice.
Don’t play soccer in an NFL game.
Bad tariffs.. evil tariffs! bad tariffs! no tariffs, tariffs bad, tariffs evil!!
Bad tariffs.. evil tariffs! bad tariffs! no tariffs, tariffs bad, tariffs evil!!
Whatever it is that infects GOP swamp dwellers, it ain’t Austrian economics.
Total BS. THE REST OF THE WORLD IS IN LOVE WITH TARIFFS AND PRACTICES BRUTAL UNRELENTING MERCANTILISM. The author is ignorant, and that is being nice.
Carlson is swallowing populism poison again to the tune of $22 trillion in debt with mass amounts of spending yet to come. This is not surprising since he is a big Andrew Yang democrat pimp.