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What to Expect When You’re Free Trading
New York Times ^ | January 16, 2008 | STEVEN E. LANDSBURG

Posted on 01/16/2008 4:01:09 AM PST by LowCountryJoe

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To: fortheDeclaration
Clearly the incoming newly elected Republicans would have blocked the Treaty, that is why the lame-duck voted it in instead.

Clearly? ....by a vote of 288 to 146, with the Republicans voting 121-56 and the Democrats 167-89.

Which of the outgoing Congressman voted yes? Which of the incoming would have voted no? It had 70 more votes than needed. I need a little more proof than the feelings of a guy who writes for Lew Rockwell.

341 posted on 01/17/2008 12:39:19 PM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: LowCountryJoe
Mr. Romney said he would “fight for every single job,” while Mr. McCain said some jobs “are not coming back” — but their proposed policies were remarkably similar: educate and retrain the workers for new jobs.

What new jobs? Unemployment and the number of people on public services are rising. Seems that with the boomer's retiring we should have a worker deficit. Things arn't as the should be.

342 posted on 01/17/2008 12:43:25 PM PST by Realism (Some believe that the facts-of-life are open to debate.....)
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To: William Terrell
Not on a international level, which is where our problem lies.

Read up on basic economics before you show yourself to be a fool with such statements. Trade occurs whenever two parties exchange goods (paper money is a good, as is the item received). Trade would not occur if both parties did not benefit from the transaction.

Yes.

So what?

If it harms another country to cease trade with us, they would be less willing to take such a course of action.

That's what people ask in the beginning when the new company moves in to run the competition out of business with artificially low prices.

So you don't actually have proof of your monopoly claim, just "the sky is failing" rhetoric.

Our current economic situation is the government stepping in.

So instead of arguing for the government to step out of the market by lowering taxes and reducing regulation, you want it to further step in to tell us how to behave in the marketplace? Since when is that a conservative position?

The ultimate summation of the bottom line is that you, and others like you, are willing to compromise Americans security, safety and welfare for cheap tennis shoes.

I object.

That's nice. You don't buy foreign made goods then. Let the rest of us exercise our freedom of choice to make decisions as consumers.

343 posted on 01/17/2008 1:01:04 PM PST by scarface367 (Why are protectionists so stupid when it comes to economics?)
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To: 1rudeboy
Trust the people.

But it's not the "people" that present the choices the people have to choose from.

344 posted on 01/17/2008 2:56:36 PM PST by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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To: William Terrell

What’s that supposed to mean? I have close to 150 choices for beer, imported and domestic, down the street.


345 posted on 01/17/2008 3:10:39 PM PST by 1rudeboy
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To: fortheDeclaration
Had it been popular, why not let the incoming newly elected Congress vote on it and not the defeated 'lame-duck'?

Probably because it wasn't as much of an election issue as you hope to believe? The Dems made the same argument during Clinton's impeachment trial: "we should disregard all the work that's been done to this point, and let the newcomers decide." It was simply an attempt to spin the issue, much like you are spinning yours.

346 posted on 01/17/2008 3:15:01 PM PST by 1rudeboy
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To: scarface367
Trade would not occur if both parties did not benefit from the transaction.

Depends on the agenda the "trade" is supposed to accomplish. Weakening the US could be called a "benefit" for some. Plus, "benefits" from low prices only occur before the monopoly is established.

If it harms another country to cease trade with us, they would be less willing to take such a course of action.

Ideology ultimately trumps financial increase. But, until then, I guess we should just hope to hook 'em on taking advantage of us so they won't attack.

So you don't actually have proof of your monopoly claim, just "the sky is failing" rhetoric.

A monopoly doesn't have to be initially intended, but once the groundwork is laid, who has the spiritual strength to not take advantage? China?

And, if those same ones make critical parts for our war machines, or has treaties with those who do, what are we going to do about it?

Internationally, whoever wins takes the goose. You want to put us in a terrible position that can be taken serious advantage of later.

I prefer to operate on the world stage from a position of strength, not weakness. The ability to buy cheap jeans is not a position of strength.

So instead of arguing for the government to step out of the market by lowering taxes and reducing regulation, you want it to further step in to tell us how to behave in the marketplace? Since when is that a conservative position?

No, I want it to get out of the treaty and foreign policy bed with super rich multinational corporations domestically spawned which have forgotten their origins and see people as "human resources".

That is a conservative position.

You don't buy foreign made goods then. Let the rest of us exercise our freedom of choice to make decisions as consumers.

How many places can you go to not foreign made goods? The answer to that question should say something to you.

The people who choose to buy from that company selling artificially low, thinking nothing about what happens when its competition is driven out of business, are making decisions as consumers, too.

347 posted on 01/17/2008 3:21:04 PM PST by William Terrell (Individuals can exist without government but government can't exist without individuals.)
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To: William Terrell; investigateworld
No, I want it to get out of the treaty and foreign policy bed with super rich multinational corporations domestically spawned which have forgotten their origins and see people as "human resources".

That is a conservative position.

"Conservative" Marxist position, maybe. He wrote extensively of the tension between labor and capital. He even thought free trade would hasten the revolution of the proletariat. Ask investigateworld . . . he's fond of quoting the speech.
348 posted on 01/17/2008 3:26:48 PM PST by 1rudeboy
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To: 1rudeboy
What? Are we Irony challenged today?

I find it hilarious that Marx saw the triumph of his collectivist B/S through free trade.

Now what large communist nation is thriving today via free trade ...?

Picture if you will, Karl Marx speaking in a Colonel Klink voice. "Ve Germans are not stooopid, ja?".

349 posted on 01/17/2008 3:35:57 PM PST by investigateworld (The BP guys will do more Prison Time than the Worst Jap POW camp commander,thanks W)
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To: investigateworld
Oh, so you were being "ironic." ROTFLMAO
350 posted on 01/17/2008 3:38:49 PM PST by 1rudeboy
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To: William Terrell
Plus, "benefits" from low prices only occur before the monopoly is established.

Really? Is this more "pulled out of your ass" silliness or can you actually back this up?

A monopoly doesn't have to be initially intended, but once the groundwork is laid, who has the spiritual strength to not take advantage? China?

And what is this monopoly you speak of. You are aware that China is not one big company, right?

I prefer to operate on the world stage from a position of strength, not weakness. The ability to buy cheap jeans is not a position of strength.

More "trade is bad" nonsense. I'm sure we as a country would be much better off if only we made everything in America and weren't forced to pay low prices.

The people who choose to buy from that company selling artificially low, thinking nothing about what happens when its competition is driven out of business, are making decisions as consumers, too.

Where is your evidence of this company that is selling goods at artificially low prices?

351 posted on 01/17/2008 3:39:56 PM PST by scarface367 (Why are protectionists so stupid when it comes to economics?)
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To: Toddsterpatriot

“We can print billions of dollars very cheaply, exchange them for cars, TVs, oil etc and the silly foreigners never return them to buy our stuff.”

Great plan if you like inflation many times greater than this country has ever experienced.

Printing money does not equate to earning money.


352 posted on 01/17/2008 5:58:32 PM PST by mjaneangels@aolcom
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To: scarface367

“But what do those banks do with the dollars?”

Trade them for other types of currency.


353 posted on 01/17/2008 6:53:48 PM PST by mjaneangels@aolcom
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To: scarface367

“Then why is real GDP rising?”

Not because of trade.


354 posted on 01/17/2008 6:54:42 PM PST by mjaneangels@aolcom
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To: Toddsterpatriot

“There are 2 sides to trade, the dollars you spend and the goods you receive. LOL!”

That is one. What is the other? Do you know? I do.


355 posted on 01/17/2008 6:55:53 PM PST by mjaneangels@aolcom
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To: xjcsa

“Are we just donating that money, or are we getting things for it? When I buy something that’s imported, it’s because I’ve made the judgment that I would rather have the product than the money I’m spending. When I buy a less-expensive imported product instead of a more-expensive domestic product (assuming similar quality, etc), I benefit by the amount of the difference in price. Multiply this by billions of transactions per year, and our society benefits a great deal.”

Whether we are getting anything for the dollars spent is irrelevant. The only way that sending money to another country can assist our economy is if we are purchasing items that allow us to produce more.

“A trade deficit doesn’t mean we’re “losing” money. It means we’re spending it.”

It means there is less money in our economy. When you look at your checkbook are you better off when you have less money? Or when you have more? A country is the same way. If we are spending money in other nations (importing) faster than we are bringing money in (exporting), we are losing money. It is the same principle as when you get $100 dollars, then spend $200 dollars and have no way to recoup that money (invest to bring in more than the $200 you spent).


356 posted on 01/17/2008 7:01:47 PM PST by mjaneangels@aolcom
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To: scarface367

“And trade deficits are evil, right?”

If you want to know what a trade deficit is, try spending more every month (spending, not investing) than what you bring in.


357 posted on 01/17/2008 7:02:56 PM PST by mjaneangels@aolcom
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To: scarface367

“Because trade is bad, correct?”

No, but our current policy on trade is terrible. We are spending $800 billion a year more than we are bringing in. That is not free by any stretch of the imagination.

Years ago, we had mostly a trade deficit, but occassionally a trade surplus. With the trade we are doing today there is no way we will ever see a trade surplus. A trade surplus is what is good for us, not a trade deficit.


358 posted on 01/17/2008 7:06:38 PM PST by mjaneangels@aolcom
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To: mjaneangels@aolcom
Trade them for other types of currency.

Then what do those who traded the other types of currency do with the dollars they now have?

359 posted on 01/17/2008 7:10:02 PM PST by scarface367 (Why are protectionists so stupid when it comes to economics?)
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To: mjaneangels@aolcom
If you want to know what a trade deficit is, try spending more every month (spending, not investing) than what you bring in.

Learn the difference between a budget deficit and a trade deficit. Or better yet, read what the late Nobel economist Milton Friedman wrote about this very topic in his book Free to Choose

360 posted on 01/17/2008 7:12:53 PM PST by scarface367 (Why are protectionists so stupid when it comes to economics?)
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