Ryan Bourne is head of public policy at the Institute of Economic Affairs - UK
Stay the hell on your own side of the pond kid.
Posted on 07/30/2015 3:46:16 AM PDT by 2ndDivisionVet
Ryan Bourne is head of public policy at the Institute of Economic Affairs - UK
Stay the hell on your own side of the pond kid.
As if anyone from England understands capitalism.
Pray America is waking
‘Trump is a nativist and a protectionist.’
“That is exactly what this country needs.”
Hear, hear.
Yeh that Trump the multi-billionaire. WTH does he know about sound economics? What morons of a lesser breed.
Not a huckster. You would be replacing a person who hates America and Americans with someone who loves America and Americans. That in and of itself is great. Next we’d be replacing a Marxist with a capitalist. That would also be great. Then we’d be getting someone who would seal the border & enforce the U.S. Immigration laws. That would be awesome!
Are you kidding me? Trump knows what "comparative advantage" is and takes advantage of it at every opportunity. Trump buys all kinds of "stuff" from China BECAUSE they have a comparative advantage in the production of "stuff". Yet the writer claims Trump is "complete(ly) ignorant" of comparative advantage. I could tear apart just about every paragraph that follows.
You can criticize Trump for a lot of things but claiming he is ignorant of economics is ridiculous.
Compared to Obama? (I cannot stop laughing at these fools). We have something REAL and RELATIVE to compare to. And here is a guy that made 10 billion dollars being compared to Obama who couldn’t qualify to run a MacDonald’s.
“Herbert Hoover was a businessman with no history of elected office before becoming President, and is now regarded as a failure by all sides.”
Okay...
Adolph Hitler was a politician with no history of elected office before becoming President, and is now regarded as a failure by all sides.
“This shows a remarkable misunderstanding of the way the world works. Call centres are based elsewhere because, at the moment, it is cost-effective to do so. “
Yes, exploiting poverty centers of the earth and ensuring they remain at 50 cents an hour through deals with corrupt governments, and through threats to relocate to another poverty center does indeed make it cost effective.
Semi slavery IS cost effective. That was the whole concept of British occupation of India.
This British ass could be speaking of tea, salt, and textile industries in the 1800s.
And when Trump levies his tariffs on imported goods and increased the cost of consumer electronics, appliances, textiles, autos and what have you by 25% to 35% then what?
Anyone who thinks Hoover was a poor president shows a stunning ignorance about him. He was a target of a Roosevelt socialist smear campaign, nothing more. Roosevelt came in on ignorant theories, implemented full socialism, and prolonged the depression by several years.
America was among the last nations to emerge from it.
Hoover was more successful BY FAR than Roosevelt.
“The British economist Ryan Bourne ( born 1987”
You’re kidding. Ive been responding to an article written by someone who was 8 years old when Monica was blowing Bill?
That's a fallacy.
WWII did end the unemployment of the Depression, but when the government forces 9 million citizens into the military that will happen. For those Americans left at home, living standards were lower than during the Depression because consumer goods were so severely rationed.
The Depression was ended finally because, after the death of FDR, a Republican congress ended most of the Depression-era controls that had hobbled the economy. War does not create economic growth.
It just eats up capital manufacturing goods destined for destruction on the battlefield. This is not an anti-war screed, just an economic truth.
My father wasn’t drafted, he voluntarily joined the Marine Corps. Do you know the percentage of men who were considered unfit to serve physically due to malnutrition?
The writer says this as if it's a bad thing.
I want a bumper sticker: Nativist and Protectionist on board.
Then, maybe, China's comparative advantage goes away. Then Walmart might have to look elsewhere for their cheap junk. Then, maybe, they will have to look to domestic sources to manufacture their cheap junk.
Comparative advantage between trading partners is great when those countries are similar in economic terms. When one country's labor costs are a tiny fraction of the other's it doesn't take a genius to figure out what is going to happen.
Look at North American trade. The FTA between Canada and the US worked out very well because labor rates and other economic metrics were similar. When Mexico was included in NAFTA all hell broke loose because Mexican labor rates sucked the life out of manufacturing.
The next argument from you will be that a tariff on Chinese goods will initiate a trade war that will presage a global depression. We are already on the cusp of a global depression. Erecting tariff barriers will not change that.
North America is a far different place in 2015 then it was in 1930. We have lots of clean air and clean water. We can feed ourselves. We have plenty of energy in all forms. Can Japan say that? Can China? We can survive if trade collapses. We can actually make everything we need and still feed ourselves. Can China?
I'm not saying a depression wouldn't be bad, it just won't be as bad here as in Asia or Europe.
OK, tell us what is good for America. Whatever is happening and has happened has been terrible for America. So please, you are so smart give us the solutions.
Fairy Tale Economics? When Obama has the printing presses running flat-out and cooks the hell out of the unemployment and growth numbers each month? That’s rich!
Does this make any sense?
“This shows a remarkable misunderstanding of the way the world works. Call centres ...being overseas need not lower US output or welfare. In fact, it helps lower prices for US consumers, and workers are freed up to work in higher-value occupations. “
Are workers currently not free to work in higher-value occupations? If my engineering job were to be outsourced overseas, should be grateful because I would be free to work in investment banking?
This is the level of stupidity idiocy we see everyday from the over-educated idiots of the Left. They actually believe this stuff.
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