Smoot-Hawley tariffs 21st century style

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[LowCountryJoe]

Let's get back to it [the subject of trade] then. Let's not bring up illegal immigration or inconsistencies with our beliefs any longer...you read the damned paper and then please comment on what it's trying to convey to you! Then, if you would, explain where you disagree or even possibly agree with the information presented in it.

[LowCountryJoe]

Everybody knows that the primary cause of the Great Depression was the collapse of the speculative stock market bubble in 1929. With the market hyperinflated by debt, the failure cascaded throughout the entire financial sector. Economic activity slowed to a snail's pace because NOBODY had any money.

You've changed the argument, Willie. In your first post you described a global recession. The content of my post revolved around that theme. There were many reason for our depression, much of it involving things that you failed to mention.

[NEBUCHADNEZZAR1961]

Let's get back to it [the subject of trade] then. Let's not bring up illegal immigration or inconsistencies with our beliefs any longer...you read the damned paper and then please comment on what it's trying to convey to you! Then, if you would, explain where you disagree or even possibly agree with the information presented in it. I thought someone of your crowd would say something like that. Given that you FT's can't speak for yourselves and can't summerize the "great successes" of Free-trade here on FR, coupled with your strong desire to run away from the illegal-immigration aspect of FT only shows just how hollow your position is on FT and its failures.

End of story. You lose.

[LowCountryJoe]

True conservatives, in its modern day connotation, do not like the collectivism and socialist agendas of labor unions and assorted anti-capitalists. You, Willie, are no true conservative!

[Willie Green]

Seems to me that YOU"RE the one who has to resort to insinuating false relationships to facilitate personal smear attacks, Joe.

But then, we've become accustomed to expecting that from you.
How about trying something different for a change?
Your act is starting to lose its entertainment value.

[LowCountryJoe]

The guy that wrote that was given the idea by someone (a well know professor of economics) that served as a broker for the idea to run one of those correlations (deficits affect on GDP growth) in those numbers. Would you like to see the date on the posts where I rolled out the data and then check the data on that paper that you still haven't read? Do you really want me to bust out some of my better posts (that don't use links to other people's work) to show you how I've written forcefully on knowledgeably on this subject in the past?

Now, as to the issue of illegal immigration and "free trade", I'll grant you for the sake of progress, that you have a point about "free trade" in a strict and comprehensive interpretation being conducive/permissive to/of illegal immigration. But, if true free trade were to exist, then the immigration would not really be illegal at all. So let's - for the sake of progressing in our dialog - call so-called "free trade", managed trade with minimum barriers. One barrier that has to remain in place is immigration policies where all foreigners are documented and approved for entry. Satisfied?

I did not run from it so will you finally quit running from the paper and once and for all read the farking thing...and then comment on your findings.

By the way, I haven't lost sh_t so far! P.s. if you encounter a word or a concept that you don't quite grasp in that paper, please don't quit; just look up the word in the dictionary or the concept on-line...you may just learn yourself something KING NEBUCHADNEZZAR.

[Rightly Biased]

Buehler?Buehler? Buehler?

[LowCountryJoe]

I quite agree, it shouldn't be entertaining. Do you support what labor unions do and what labor unions stand for, Willie? True enough, labor unions are a type of market outcome/consequence in and among themselves but do you really sympathize with their leanings and methods?

[Willie Green]

Do you support what labor unions do and what labor unions stand for, Willie? True enough, labor unions are a type of market outcome/consequence in and among themselves but do you really sympathize with their leanings and methods?

I try to remain objectively neutral.
As you've already conceded, labor unions are merely artificial entitiies that exist as an economic check and balance in opposition to other artificial entities: corporations and government.

Labor vs. Management -- It's a balancing act of negotiating power.
Corruption and abuse occurs on both sides.

Professionally, I have always held positions on the management side of the fence.
However, I also strongly believe that the best managerial style is to operate in a fashion such that the labor force would perceive no benefit to organization.

Poorly managed companies give rise to conditions that promote labor organization. Abuses occur on both sides. I don't have sympathy for either side.

[LowCountryJoe]

Poorly managed companies give rise to conditions that promote labor organization.

There is that but then there's also an 'entitement mentality' amongst many people the comprise the labor pool. Many people feel that if corporations show increase profit then they should also reap some of the reward too.

[Willie Green]

Many people feel that if corporations show increase profit then they should also reap some of the reward too.

Profit sharing is a legitmate incentive for continuous performance improvement.
In fact, I have always believed that employees should invest at least a small portion of their savings in the stock of the company that they work for. That is not always possible, of course, since many companies are not publicly traded. But when the opportunity exists, I would certainly encourage it.

[Rightly Biased]

Thank you Simone!

Frye? Frye? Frye?

[iconoclast]

I suppose jack Kemp is also a "free traitor" too!

Yes.

For decades.

And, unless you were being facetious, what is your excuse for not knowing that?

[iconoclast]

User tax would be the way to go.

I'm no economist, but it seems a good starting point.

[iconoclast]

There is that but then there's also an 'entitement mentality' amongst many people

Indeed.

And a recognition of that mentality is one of the several things that separates us from the rough beasts, and raises us to a Christian regard for our fellow man.

[LowCountryJoe]

Define "our fellow man" for me my fellow Christian! Next, tell me why someone should be entitled to a cut of another's profit when that someone had contracted to do work at a certain compensation level while that 'another' was actually taking the risk with their capital?

[iconoclast]

Next, tell me why someone should be entitled to a cut of another's profit when that someone had contracted to do work at a certain compensation level while that 'another' was actually taking the risk with their capital?

The rich man is the one with the entitlement.

You are correct, the life choice is his.

[LowCountryJoe]

And the fellow man? For you, does this extend beyond your actual neighbor? Does it also extend beyond our national border?