Posted on 04/06/2025 5:58:27 AM PDT by RandFan
Peter Schiff is a financial commentator & CEO of Euro Pacific Asset Management
[30 mins podcast]
(Excerpt) Read more at youtube.com ...
take my quiz.
Peter doesn’t know what he is talking about. Trump and Musk are doing the right thing for the American people tax payer.
I am interested only in the pure numbers of the topic in question — the impact of tariffs on the national debt.
No interest in ideology.
One has to remember that when stock prices fall the companies whose stock it is also take a significant hit. It’s not just labor costs they’re going to have to worry about, and overall they will probably get the message that it’s better for them to produce their goods here.
I have more confidence in Trump’s views on this than some stock market analyst.
I agree and I've been saying that for years. The problem is that it wasn't enough to convince Americans to keep the jobs here. I was even called stupid at this forum for choosing higher priced American made over foreign made. We can only hope there has been a change of heart, and it will be enough to bring the jobs back.
I agree.
Probably paid through our budget.
You are not a Rand fan. You’ve gone full sychophant.
You are a moron
Agree
Everything is potentially a disaster!
I hate tariffs too, especially when the rest of the wicked world exploits our United States with them. The reciprocity is long overdue. Let's have some faith in our own self sufficiency and then establish mutually beneficial free trade with other free republics!
Is he related to Adam?
Rush had no background in economics, and certainly not in disputes in economics. He echoed what people he trusted were telling him, which most people tend to do. The Bush family, the Wall Street Journal editors, and National Review had his ear. He believed that everything he was told by them was good for America.
You were among the populist minority that smelled a rat. Perot and Buchanan were maybe the only two in national politics who were offering a counterpoint to the political and business establishment that led to the problems that we have today.
“It’s time for economists to walk away from the altar of ‘free trade’ and put their thinking caps on.”
It’s still 1817 and David Ricardo is the last word on international trade, according to those who along with China have profited from the strip mining of American industry.
“The point was moving factories to the US does not explode tax revenue because there is no pool of unemployed people”
Insane comment. The true rate of employment is 24.6%. New high paying jobs will reduce this number significantly. We do not a labor shortage, we have a super large pool of unemployed people that need to be encouraged to rejoin the labor force.
If you actually believe that that unemployment is low, you’re fooling yourself. Millions upon millions of people just got discouraged and gave up looking. Offer them high paying factory jobs along with the millions of opportunities these factories will create, they will come back.
The measurement is unemployment. Not employment.
No idea where that number came from, but there have always been alternate sources of such things. A guy named Williams used to self promote an inflation rate quote of his very own. Walter or John. Does unemployment, too.
The unemployment rate has a published BLS methodology. If there is a known error in either the survey procedure calendar week of the 12th day of each month, or the sample is not correct, they have a communications channel for people to inform them of the error. You should do that. I am sure they would want to know how they made a 22% error.
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