Setting aside the issue of tariffs raising prices in order to "create jobs" (can't happen unless prices go up, remember), when you artificially raise the price of a product (in this case, imported oil) a domestic producer doesn't just sit on its hands, it raises prices also to capture the higher margin. It's astounding that you don't see it. My guess is that you deliberately ignore it because doing otherwise destroys the foundation of your argument.
Some folks believe in unicorns, but it doesn't make them real.
Frankly I can do without you “teaching” me about free markets.
Though you are no doubt an export at sending US jobs elsewhere.
Keep believing that a currency peg is a free market.
One of these days, I’m sure you believe a horse will appear outside of your window, with a horn growing out of his head, crapping skittles, too.
Sorry to interject, but you’re making a false dichotomy logical argument:
“Setting aside the issue of tariffs raising prices in order to “create jobs” (can’t happen unless prices go up, remember), when you artificially raise the price of a product (in this case, imported oil) a domestic producer doesn’t just sit on its hands, it raises prices also to capture the higher margin.”
If it were a free market, there would be competition between the multiple oil producers/refiners. The U.S. Is bigger than many/most economies COMBINED we don’t HAVE to rely on any other countries. The 50 States are supposed to be sovereign (for all intents and purposes) and trade between them is like 50 (relatively) small countries. Acting like a tarriff would eliminate any internal competition is not only misguided, it’s stupid.
“Some folks believe in unicorns, but it doesn’t make them real.”
Some folks believe we were all born yesterday, but it doesn’t make them smarter.