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To: GOPcapitalist
Oh, well if Tommy DiLorenzo said it then it must be true! No bias at all in that source, is there GOP? </sarcasm>
379 posted on 05/15/2003 2:24:48 PM PDT by Non-Sequitur
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To: Non-Sequitur
Oh, well if Tommy DiLorenzo said it then it must be true! No bias at all in that source, is there GOP?

I've never seen an reputable economist disagree, but would be interested.

383 posted on 05/15/2003 2:30:49 PM PDT by Gianni (Peace, Love, and Biscuits and Gravy)
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To: Non-Sequitur
Oh, well if Tommy DiLorenzo said it then it must be true! No bias at all in that source, is there GOP?

Unable to refute the source, who also happens to be a credentialed economist, you have resorted to attacking him. Needless to say, your claims remain unjustified and refuted.

Or did you not read what I posted, non-seq? You see, DiLorenzo's claims are not merely his own but also are consistent with the textbook definition of a tariff's effects. He quoted one such definition from "International Economics" by Brown and Hogendorn:

" "Importers pass on [most of] their costs to buyers, and industrial buyers pass those costs on in the form of higher prices. . . . Consumers, hit directly or indirectly, include the inflationary price increases in their wage and salary demands. Everybody tries to pass the tax to someone else. The only group that is powerless to pass the costs on further are the exporters, who have to sell at world prices, and swallow those costs. In essence, a tax on imports becomes a tax on exports."

385 posted on 05/15/2003 2:41:17 PM PDT by GOPcapitalist
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