Just thinklessly repeat the political slogans! They make you feel safe. You trust “Dear Leader”! It is the biggest! No need to think. No need to worry. Instead, trust leaders. Guys, Trump isn`t perfect. But if he lowers tax rates, cuts spending, deregulates the economy, and so on, what would happen if he attacked China and Mexico in terms of trade? Take what is offered today!! Remember, your beloved Milton Friedman was never a politician and Thomas Sowell was just a spectator. So let go of Trump`s moans and criticisms and get on the train!! Free trade between Kansas and Oklahoma is one thing – if the company moves from my native Kansas to Oklahoma, I can move to Oklahoma, where the jobs are. And you fell into the trap. That`s why you can`t explain how tariffs will increase trade despite the historical flaw in the Smoot-Hawley Tariff Act.
If we have open borders for capital and labor, how can we have real estate zoning that is not free trade and that drives up the price of property? “I knew there would be a trap in the free trade agreement.” No, Barry, it`s a political ride. It feels good and sounds good, and it will make you feel like you`ve made America great again. Obama, in his farewell speech, told voters uninformed about his turn of political hay how great they were because they voted for him, and that they made America great again. Then he told them that their hay ride was over, just as Trump said his political hay ride was just beginning. Everyone on board? But he doesn`t want a “better trade deal.” It wants more exports for the same (or less) level of imports. By definition, it`s a worse deal (imagine your grocer suddenly starts charging $4 per loaf of bread instead of their usual $1 rate. Would you say you`re getting a better deal now?) Trump is just trying to negotiate a better trade deal. And there`s nothing wrong with having a little sword to get what you want. I would even suggest reducing all government bonds held by China – that would 🙂 shake them up Anyway, it`s a pretty standard tariff in a negotiation (haven`t you read Art of the Deal ???). So you threaten to hit some tariffs on em. We will get a better trade deal and, if not, who cares. We will always be better off with corporate taxes of up to 15%, unlimited gas fracturing if Mexico builds us a new wall, and all the deregulation a man could wish for.
“They drive a Japanese car, drink French wine, eat Chinese food, own an American computer, buy Canadian wood and spend a vacation in Mexico. How can you be AGAINST free trade?! America (the government, that is) does not have the position to exert influence. It has the ability to harm American consumers only with foolish political posturing. No idea what he is trying to accomplish, but his threatened trade and economic policies are catastrophic. Jon knows what he`s talking about. Freer trade has made the United States the richest country on the planet. The manufacturing sector is very strong and rising in value. Foreign competition keeps U.S. companies honest, innovative, and helps create value for U.S.
consumers. By the way, Barry, Bannon helped Trump understand and win the political campaign against Hillary Clinton`s poor candidate. For this, Trump rewards him with treats. But Bannon will have very little influence. 6. Eliminate all tariffs and promote freer trade while mocking countries that create wealth for American consumers by impoverishing their own people. Both were outstanding economists whose advice benefited the countries that followed them. It is a pity that we are following the path of the banana republics that we used to laugh at, where people with big mouths, odious and cheering for applause reduced trade, freedom and prosperity with tariffs and bad notions of self-sufficiency. Despite Trump`s naïve proclamations to “make America great again” with protectionism and tariffs, economic analysis clearly shows that protective tariffs worsen the country on a net basis, and this thesis is supported by 200 years of economic theory and hundreds of empirical studies. That`s why economists almost everywhere support free trade and oppose tariffs and trade protection – because economic analysis and empirical evidence make it clear that there are always net economic losses due to protectionism.
I will see my head spread off my shoulders before selling my principles in the name of political correctness and opportunism. May God have mercy on all those souls who find their principles so easily malleable. 7. Tell U.S. companies that they need to innovate and compete for U.S. consumers` money, and that they will no longer get free on the backs of U.S. consumers and taxpayers. “Okay, how about starting to talk about our trade agreements?” A new free trade agreement with the United States forces Singapore to change its ban on chewing gum. 1. Stop the bullying about tariffs and international trade.
So if we have free trade in goods and services, we also need free trade in capital and labour. This is what Obama said about the freer market economy when these economists declared that his proposed economic and health policies would be disasters. Obama was wrong, as you are now. BTW, are you a “progressive”? This has been happening since the beginning of the “progressive” era. Because if the U.S. Constitution means nothing and can be reinterpreted to give the federal government even more power, then it`s just a free struggle for other people`s power and money. And that`s why politics has become such a nasty, corrupt and dishonest affair. We have. For millennia, mercantalism has been the norm.
And humanity has stagnated. Then came the “market revolution,” where we realized that it was not exports that brought profits, but imports. As this idea spread, humanity saw unprecedented gains in living standards. We have accomplished more in the two centuries of general trade liberalization than in the previous 4,000 years of “Make Our Tribe Great Again” protectionism that preceded it. Lowering tariffs is hardly a principle. The results it achieves: a higher standard of living; more wealth; etc. If Trump can achieve a higher standard of living, who cares about some of his bluster about trade? Yes. Trump`s proposed tariffs would hurt American consumers, make us all poorer, make American manufacturers less competitive, and trigger a trade war that could turn into a deadly war. It`s ancient history. See, among others, the Smoot-Hawley Tariff Act. Trump will not achieve a higher standard of living with higher tariffs.
And the same is true when he starts a trade war with a lot of intimidation and bluster. From this perspective, why shouldn`t America use its position to reach a better trade deal? No. It is simply political rhetoric aimed at creating an “emergency” that requires state action when such an emergency does not really exist. Freer Market Economist: “Trump`s proposed tariffs and intimidation in international trade are becoming: one of the most important geopolitical imperatives for the United States is trade liberalization. This is how the country became so rich. Have you ever wondered why California and New York are so fabulously rich despite the very bad economic policies of their state and local governments? This is because both states have many residents who engage in international trade. Yes, there are. “If soldiers don`t have to cross international borders, the goods have to.
If the chains cannot be thrown out of commerce, bombs will be dropped from the sky. ==References==Too many people falsely say, “Get on the Trump train. It`s not a train. It`s a hay ride. If you support tariffs and political intimidation, then you`ve boarded the Trump Hayride. If Trump succeeds with his mercantilist and protectionist trade policies, it will be the average American who will be punished by punitive tariffs, not the Mexicans or the Chinese. And while Trump`s protectionism could save some American jobs in the short term, his tariffs and other protectionist measures will inevitably lead to even greater job losses, less wealth, and a lower standard of living for the average American in the long run. It is not a formula for size, it is a guaranteed formula for economic impoverishment. “Isn`t Trump right that China has manipulated the trade deals?” They do not threaten trade wars. Trade wars are always bad for all individuals who trade between the countries involved. So don`t worry about Trump and his sykophantes.
We will always be governed by economic ignoramuses. That is why the separation of powers in the constitution, which was intended to ensure that factions fought among themselves and achieved little result, was such a good idea. Let`s hope Trump fails to impose tariffs and intimidate international trade. I did not blindly accept Obama and his economic policies. Many libertarians and free-market economists predicted the disaster of Obamacare and that its “stimulus” spending would not work. This is not the case. You should do us a favor: stop cheerleading blindly and learn to think critically. If you do, then you too will stand up like a man and say, Trump, your proposed tariffs and intimidation in international trade have proven to be wrong and will make American consumers poorer. That would be enough to re-elect him next time by an overwhelming majority. It would also earn him the hatred of the political elites. What I find most disturbing about these comments is not the economic ignorance (although it is terrible), but the total disregard for the rule of law that they represent.
These comments indicate that companies and individuals who do not respond to the whims of the president (no matter how changeable) will be punished. No society that denigrates the rule of law can survive for long; this is not how a rich or free society works. .