Posted on 07/18/2015 3:31:04 AM PDT by 2ndDivisionVet
you’re an unhappy dude....
I am happiest when confronting liars and traitors.
I’m neither, and you can’t produce a single syllable to prove it, so either put up or take a good deep drink of STFU.
” There seem, however, to be two cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry.
“The first is, when some particular sort of industry is necessary for the defence of the country. ...
“The second case, in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry is, when some tax is imposed at home upon the produce of the latter. In this case, it seems reasonable that an equal tax should be imposed upon the like produce of the former. This would not give the monopoly of the home market to domestic industry, nor turn towards a particular employment a greater share of the stock and labour of the country than what would naturally go to it. It would only hinder any part of what would naturally go to it from being turned away by the tax into a less natural direction, and would leave the competition between foreign and domestic industry, after the tax, as nearly as possible upon the same footing as before it... “
“As there are two cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry, so there are two others in which it may sometimes be a matter of deliberation; in the one, how far it is proper to continue the free importation of certain foreign goods; and in the other, how far, or in what manner, it may be proper to restore that free importation after it has been for some time interrupted.
“The case in which it may sometimes be a matter of deliberation how far it is proper to continue the free importation of certain foreign goods is, when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into their country. Revenge in this case naturally dictates retaliation, and that we should impose the like duties and prohibitions upon the importation of some or all of their manufactures into ours. ...
“There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods. To judge whether such retaliations are likely to produce such an effect does not, perhaps, belong so much to the science of a legislator, whose deliberations ought to be governed by general principles which are always the same, as to the skill of that insidious and crafty animal, vulgarly called a statesman or politician, whose councils are directed by the momentary fluctuations of affairs. ...
“The case in which it may sometimes be a matter of deliberation, how far, or in what manner, it is proper to restore the free importation of foreign goods, after it has been for some time interrupted, is, when particular manufactures, by means of high duties or prohibitions upon all foreign goods which can come into competition with them, have been so far extended as to employ a great multitude of hands. Humanity may in this case require that the freedom of trade should be restored only by slow gradations, and with a good deal of reserve and circumspection. Were those high duties and prohibitions taken away all at once, cheaper foreign goods of the same kind might be poured so fast into the home-market as to deprive all at once many thousands of our people of their ordinary employment and means of subsistence. The disorder which this would occasion might no doubt be very considerable...
“The undertaker of a great manufacture, who, by the home-markets being suddenly laid open to the competition of foreigners, should be obliged to abandon his trade, would no doubt suffer very considerably. That part of his capital which had usually been employed in purchasing materials and in paying his workmen might, without much difficulty, perhaps, find another employment. But that part of it which was fixed in workhouses, and in the instruments of trade, could scarce be disposed of without considerable loss. The equitable regard, therefore, to his interest requires that changes of this kind should never be introduced suddenly, but slowly, gradually, and after a very long warning...
Adam Smith Wealth of Nations, Book IV Chapter II
Great post and great research.
yeah, in two limited cases he’s for very limited tariffs....one of which is when the taxes here are punitive enough to penalize the domestic producer. I would suggest reducing the domestic taxes in that case, which is WHAT IVE SAID FROM THE BEGINNING.
None of which even impacts that idea that Trump wants us to believe HE can be THE INVISIBLE hand Adam Smith if famous for......and sorry to interrupt your worship service, but “the donald” can’t be that.
You people on the wrong side of history are so unhappy.
You said "WHAT IVE SAID FROM THE BEGINNING." So you are on board with tariffs? No, you speak out both sides of your mealy mouth....
So you want to go back to the stone age and pretend there’s not a global economy?
Then again, central Virginia....you may live in a hick town without any global economy come to think of it.
Where was your computer made genius?
- Milton Friedman. It may be over your head....
Gee the USA was so poor and in the stone age when we made our own products. The 1950 and 60's were so bad.
They(the world) need us; we don't need them is the correct attitude. We can turn this destructive gloBULL switch off whether you like it or not. When we get a populace that is sufficiently fed up with this sell out there will be nothing you can do about it. I honestly think the worm is turning.
Get an adult to explain it to you....
Dude,that may be your most intellectually vapid comment ever. You think we can go back to the 50s and 60s? You gonna legislate that? The only difference between you and Islamic terrorists is that they want to take us back in time just a little earlier than you do. What a dark fantasy you harbor. But thank you for admitting that you are pining for the 50s, which simply will not ever happen. And if America is stuck in the 50s, we won't look so good compared to the modern world, and then every advantage you self gratify yourself with will be erased immediately.
You must hate Trump.
You are the equivalent of the radical liberation economic extremist and view the exploitation of third world slave labor as a "righteous" cause; almost a religion. The fact that the de industrialization of the USA is the goal of Marxist is no concern to you as you "got yours".
I don't hate him, and in fact, applaud a lot that he's doing and saying. What I do dislike, perhaps hate, is mindless hero worship and willful ignorance....and I see a LOT of that going on around here. Trump has been conservative on some things for what, 15 minutes? I'm sorry....I don't see a savior's throne there....
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