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Trump is right, says brave economist (You have to be brave to agree with Trump?)
MarketWatch ^ | 01/28/16 | Tom Bemis

Posted on 01/28/2016 11:55:58 AM PST by AngelesCrestHighway

Donald Trump is right when he calls for high trade tariffs to protect American jobs, according to one brave economist. The Republican presidential candidate’s protectionist rhetoric has been playing well with voters heading into the primary season. But Trump has been attacked by economists and the media for violating the sacred belief that free trade is always a good thing, writes Peter Morici, a professor at the University of Maryland. Morici argues that China hasn’t been playing fair, however, and says the artificially weak yuan has cost America hundreds of thousands of jobs. “Trump’s proposals for fixing trade — starting with China — address the salient issues of currency, trade barriers and subsidies,” Morici wrote on Newsmax. A recent academic study by three prominent labor-market economists found China’s entry to the global trading system 15 years ago has caused deep and lasting harm to Americans.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economy; jobs; trade; trump; trumpwasright
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To: jwalsh07
The first congress said it best

Tariff Act of 1787: Whereas it is necessary for that support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares and merchandise:"[1]

Some consider our founding fathers very patriotic. How about you?

61 posted on 01/29/2016 4:23:38 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: DoodleDawg

It doesn’t matter, what the ChiComs would do is lower their price to offset the tariff and devalue their currency again. The could do that for a while but we would be balancing our budget and strengthening our currency.


62 posted on 01/29/2016 4:27:53 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: DoodleDawg

ok lets do the same to the CICOMS.


63 posted on 01/29/2016 10:56:29 AM PST by WENDLE (Trump is not bought . He is no puppet.)
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