Are you suggesting that the system did not work then, or that it won't work now?Tax cuts aren't the solution for everything, but neither is the government.
So tariffs are big government, but trade deals are not?The result has been a quadrupling of GDP since 1978. In 2001, with its 1.27 billion people but a GDP of just $4,300 per capita, China stood as the second largest economy in the world after the US. At this rate of growth, by 2024 they'll be up to $17,200 per capita.
Sounds like you are suggesting that China is not a threat until they are equal to us in per capita GNP. Did you make the same argument with respect to the Soviets during the cold war?
I suggested no such thing. You get government spending down to 10% of GDP and I'll support tariffs to finance the spending. As long as income tax is eliminated.
Tax cuts aren't the solution for everything, but neither is the government.
So tariffs are big government, but trade deals are not?
Tariffs which raise costs to consumers and give the government more money would be big government, yes.
The result has been a quadrupling of GDP since 1978. In 2001, with its 1.27 billion people but a GDP of just $4,300 per capita, China stood as the second largest economy in the world after the US. At this rate of growth, by 2024 they'll be up to $17,200 per capita.
Sounds like you are suggesting that China is not a threat until they are equal to us in per capita GNP. Did you make the same argument with respect to the Soviets during the cold war?
I was never worried about the GDP of the Soviets. I'm worried about the Chinese, sure, but because they're aggressive and expansionist. Their military will be a problem, eventually. No argument there.