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To: Poohbah
Fine. I'll close up shop, cash out, and fire everybody working for me in America.

I'll give 'em your address and tell them to discuss their loss of income with you.

Then we could work on having fair trade, which would lead to more employment and real economic growth. Without your cheap one way imports undercutting the market and not adding demand, but adding oversupply...people would actually be able to have meaningful work and at the same time demand would expand and prices wouldn't go up at all.

Then everyone would thank me for having you close up shop.

Two way trade is the only measure that counts.

344 posted on 08/08/2003 6:29:20 PM PDT by maui_hawaii
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To: maui_hawaii; hchutch
Then everyone would thank me for having you close up shop.

Then we could work on having fair trade, which would lead to more employment and real economic growth.

No, actually it wouldn't. You see, the folks who were involved in my import-export business still have to put food on the table and a roof over their heads, and you've just ended their employment.

Without your cheap one way imports undercutting the market and not adding demand, but adding oversupply...people would actually be able to have meaningful work and at the same time demand would expand and prices wouldn't go up at all.

Actually, they would. What did steel prices do after Bush imposed tariffs on steel? They went up.

If you restrict supply, prices go up. If you restrict supply AND increase demand (assuming that you actually managed to increase with tariffs, which is not guaranteed), then you REALLY send prices up.

Your analysis of economics is laughably Marxist.

348 posted on 08/08/2003 6:37:55 PM PDT by Poohbah (Crush your enemies, see them driven before you, and hear the lamentations of their women.)
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