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Protectionist Rhetoric Will Accelerate the Dollar's Slide
Ludwig von Mises Institute ^ | 11/20/2007 | David Leo Veksler

Posted on 11/29/2007 7:11:00 PM PST by LowCountryJoe

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To: groanup
LOL! Remember when those yankee bastards killed a few hundred thousand of my and my neighbors' ancestors. That's why I don't buy anything made north of the Mason Dixon.

Thank you for illustrating my point RE: my post 417, In fact you'll prolly have the other F/T's accusing you of being a closet patriot for throwing me this softball.

Those fine and noble sons of the South went into the field of battle to deal with those 'Yankees' equipped with a hodgepodge of small arms and limited ammunition.

Why?

Because nobody - or few in the South recognized that having an industrial base is critical if you are serious about winning a war.

Plus the fact the powers that be in the South allowed their currency to become a joke!

If their money had of been worth a "plugged nickle", those blockade runners would have got through.

421 posted on 12/01/2007 4:53:13 PM PST by investigateworld ( History is hard?)
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To: investigateworld

One of the greatest differences between a free-marketeer and a protectionist with regard to national security (using your earlier and never completed example of a bullet factory) is that a free-marketeer wants to make it easier to build bullet factories in the U.S., while a protectionist thinks that slapping a tariff on plastic lawn furniture will do the trick.


422 posted on 12/01/2007 5:46:29 PM PST by 1rudeboy
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To: investigateworld

Well thanks for the history lesson even though it had nothing to do with your point about the Red Chinese “bastards”.


423 posted on 12/01/2007 7:38:48 PM PST by groanup (When companies fail they go out of business. When a gov't project fails it gets bigger. M.F.)
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To: PugetSoundSoldier

The difference is that you can pay a $20/hour employee for 30 minutes of labor to assemble the parts, or pay a $0.50/hour employee for 30 minutes of labor. That’s a $9.75 difference in cost.

There’s a reason Eminence sources parts from China, and not only has a factory in the US but in China, too - price. The quality is the same; the price is different.

Where the US leads and excels is in research, innovation, and engineering. Invention.

************************

Well well well. This is what the “Patekonouses” have been saying the whole time while the free-traders have lied through their teeth and doomed their souls to hellfire.

The only reason you crackers are making a profit off cheap foreign labor is because it is cheap labor. You do not deny that the only reason you crackers are making a profit off cheap labor is cheap labor. The Chinese aren’t superior speaker makers, the Chinese aren’t more efficient in trade, the only reason you employ Chinese is because they are your new negros doing all the heavy lifting.

Ah your reasoning. Let the inferior races of the world like the negros and yellows do all the heavy lifting and pounding dirt, so us superior WHITES can do the fine manufacturing, something to match our intellect. After all that is what God made the races for.

Where have I heard this argument before?

____________________________

An Excerpt from “Slavery in the Light of Social Ethics,” by Chancelor Harper, printed in Cotton is King, and Pro-Slavry Arguments: Comprising the Writings of Hammond, Harper, Christy, Stringfellow, Hodge, Bledsoe, and Cartwright, on This Important Subject, E.N. Elliott, ed. (Augusta, GA: Pritchard, Abbott & Loomis, 1860):

Our slavery has not only given existence to millions of slaves within our own territories, it has given the means of subsistence, and therefore, existence, to millions of freemen in our confederate States; enabling them to send forth their swarms to overspread the plains and forests of the West, and appear as the harbingers of civilization. The products of the industry of those States are in general similar to those of the civilized world, and are little demanded in their markets. By exchanging them for ours, which are everywhere sought for, the people of these States are enabled to acquire all the products of art and industry, all that contributes to convenience or luxury, or gratifies the taste of the intellect, which the rest of the world can supply.


424 posted on 12/01/2007 7:55:18 PM PST by Hunterite
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To: VegasCowboy

You have completely missed the point, which is this: there are certain products manufactured overseas for a much lower cost than what it could be manufactured here. Why? Because US citizens have so many opportunities for decent paying jobs that they are unwilling to work in lousy manufacturing environments for wages that would allow certain products to be competitively manufactured on US soil.

*****************

Uh no. Your looking for slaves to pick your cotton, and American’s are unwilling to do it for 20 cents an hour.

So you go overseas to find your new negros to pick your cotton, and end up not only picking cotton but your new negros are building car parts, putting American auto workers out of business.

See this is originally why there were slave codes, to keep blacks from doing the jobs whites should be doing. No reading, no writing, no blacksmithing, no clockmaking, no putting whitey out of the job....

You should have obeyed the slave codes, now you broke the law. Shame shame shame.


425 posted on 12/01/2007 8:00:50 PM PST by Hunterite
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To: PugetSoundSoldier

WAL-MART doesn’t pay tariffs?

**************

Walmart doesn’t make its profit off the backs of foreign slaves, like you do.


426 posted on 12/01/2007 8:01:39 PM PST by Hunterite
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To: VegasCowboy

Are these the kinds of jobs you wish we had more of, that more tariffs would “protect?” I’d prefer we continued to educate our workforce to the point where I could find qualified candidates to work in my office for a minimum of $40K per year. The fact is, I can’t find people to fill open positions because they just aren’t out there, and the ones that are want too much money because of the tight job market.

*******************

Oh boo hoo, a single tear rolls down my cheek. The slaver can’t find employees.


427 posted on 12/01/2007 8:03:40 PM PST by Hunterite
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To: VegasCowboy

Continued growth of our economy is the only thing that will raise their standard of living

**********************

You Libertarians lie when you say you want to secure the borders, if it were up to you, you would import 5 million cheap labor slaves a year.


428 posted on 12/01/2007 8:05:30 PM PST by Hunterite
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To: VegasCowboy

It just goes to show us that globalization can actually CREATE manufacturing jobs in the US, huh?

*****************

Your lying through your teeth so you can hire slaves.


429 posted on 12/01/2007 8:10:04 PM PST by Hunterite
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To: Toddsterpatriot

Actually there are more like 10 million,

“As long as you’re pulling numbers out of your ass, why not make it an even 100 million?”

************************

I am trying to be honest. You free-traitors are deliberately dishonest.


430 posted on 12/01/2007 8:11:10 PM PST by Hunterite
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To: expat_panama

Hunterite was supposed to come back at me and say that whenever foreigners move in and set up a factory, they’re just ripping off the local workers and all the profits go right back home —so that way we could talk about US manufacturing plants overseas:

*****************

There you lying free-traitors go again. I told you I don’t care about the welfare of a foreigner. I don’t care about the local Chinese WOK producer when some US company moves into Ding Dong, China.

But you crackers want your slaves. So you will do anything and everything to acquire your new slaves, so you can reap in the profits off the wage disparity between American and China. Not because you crackers are particularly good at business.


431 posted on 12/01/2007 8:13:35 PM PST by Hunterite
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To: expat_panama

No wonder the numbers stank; however, the sun does shine on the BLS data site and the number of truckers is more like 2 million:

*****************

And there are 10 million who have a CDL, including bus drivers, and revoked or not renewed liscences.

My CDL isn’t valid because I no longer drive. There aren’t just 2 million voters who see you crackers taking jobs from Americans because you are traitors, there are far more who have been drivers.


432 posted on 12/01/2007 8:14:55 PM PST by Hunterite
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To: Toddsterpatriot

Because of idiots like Hunterite?

************

Your a traitor, you don’t deserve an American citizenship.


433 posted on 12/01/2007 8:16:20 PM PST by Hunterite
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To: 1rudeboy

One of the greatest differences between a free-marketeer and a protectionist with regard to national security (using your earlier and never completed example of a bullet factory) is that a free-marketeer wants to make it easier to build bullet factories in the U.S., while a protectionist thinks that slapping a tariff on plastic lawn furniture will do the trick.

***************

It doesn’t matter if its a bullet, a speaker, or a car. Cheap labor will always undercut American labor.


434 posted on 12/01/2007 8:20:47 PM PST by Hunterite
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To: All

“Protectionist Rhetoric Will Accelerate the Dollar’s Slide”

Is this cheap-labor market so delicate, so just talking about it will wreck the economy.

I think the word, “bubble” was made for this, one tiny pinprick and it pops.


435 posted on 12/01/2007 8:46:39 PM PST by Hunterite
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To: All
LOGARITHMIC trade deficit. LOG-A-RITHMIC. Free-traders are too stupid to realize they had a valid argument about OIL. They never brought OIL up. HAHA, too late, morons. Reagan temporarily saved us from the free-traitors.
436 posted on 12/01/2007 8:59:02 PM PST by Hunterite
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To: All
Holey crap, money supply is logarithmic.
437 posted on 12/01/2007 9:16:04 PM PST by Hunterite
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To: All
Holey crap, the free traitors lied when they said that the cost of goods will go down with the new foreign cheap-labor market.
438 posted on 12/01/2007 9:17:10 PM PST by Hunterite
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To: All
Traitors
439 posted on 12/01/2007 9:18:19 PM PST by Hunterite
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To: Hunterite
The power of compounding...

87% decline means a dollar is 13 cents, approximately one-eighth of what it was 57 years ago.

That's being cut in half approximately three times; or being cut in half every nineteen years.

By the rule of 72, that's between 3 and 4 percent devaluation (inflation) per year.

What would these numbers have been with the Carter years removed?

Cheers!

440 posted on 12/01/2007 9:20:06 PM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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