He’s right - underwear at Walmart does indeed cost less. But, if you stop the accounting there you’re willfully ignorant. The costs associated with all the dislocations fall to the taxpayers and homeowners. All the gain goes to the smaller group of investors. Silly libertarian free trade is a net loser - the facts are in. We’ve deindustrialized america. And there’s hell to pay. Couple that with open borders, a debt fueled welfare state and nation building and your looking at the end of the greatest country ever.
“All the gain goes to the smaller group of investors.”
The gain goes to government workers:
They’re immune from losing their jobs.
They get annual pay increases.
PBOC takes all the dollars we send their and buys US Treasuries which are used to ....
Pay government workers. (and retirees)
Scammy.
Well stated, and all true.