Why is Buchanan so upset? He’s the one who wanted to tax the bejeebers out of imports to begin with in order to make them more expensive compared to American goods. Now that’s exactly what we’ve got anyway with a low dollar. The only difference is that the market determined when and how much, not some pin-headed government bureaucrat sitting in a stuffy office in Washington, D.C. We moved efficiently to this result by means of market mechanisms.
Is Buchanan buying into the European bullcrap that the value of your currency has relevance independent from its economic signficance because it’s a matter of National “prestige?” Personally, I would rather have a strong economy than a strong dollar. My National pride is not conditioned on the value of the dollar.
I guess Pat”SS” Buchanan blames the joooos for this one.
... we shouldn’t tax the imports but we should inspect them 100% and have the importers pay for 100% of the inspection costs (not out of OUR tax dollars).
The falling dollar would only make us more competitive in the world if we were energy independent. Because 60% of our trade deficit is related to energy imports, and because energy imports become more expensive as the dollar decreases in value, the dollar decrease just means that the % of the trade deficit that is due to energy will increase. WE ARE SENDING MORE $$$ TO THE PEOPLE THAT HATE US!!
And OPEC and China will continue to sponsor the enviro-whackos so that we will never become energy independent.
Sounds like Pat is reworking mercantilism.
What’s wrong with American goods becoming more cost competitive in international markets?