KenH
Well-Known Member
Yes, we can.
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There’s Still No Economic Case for New Tariffs
- Thread starter KenH
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Yes, we can.
No, we can't (not real free-trade).
KenH
Well-Known Member
Yes, we can.
KenH
Well-Known Member
I am saying there have been questions for centuries about Christians being involved in killing on behalf of the government. And, as I said, I never came to a decision on the subject when I studied it when I was young.
KenH
Well-Known Member
You can't prosecute, in a right way, someone except for breaking a law, not because you don't like their policies or because their policies don't have the outcome you would like for them to have.
I always wonder how my great grandfather living in Soviet Controlled country must have thought about his being manipulated. Being told what to think, act, work , food to eat, Faith to believe in etc. and now we are being ruled by the Dictator Trump?
im certain that Kash Patel could uncover evidence
I have allegiance to any country, any politics, any company yada yada
KenH
Well-Known Member
How can you be certain? Neither you, or I, or anyone else who posts on this board are some "all-knowing" being.
No, we can't.
KenH
Well-Known Member
Yes, we can.
No, we can't.
The Folly of Free Trade
Any manager who tries to create a strategy out of worn-out clichés and unexamined nostrums is dismissed. Yet in the United States and other Western countries we have grown comfortable with the government following outworn nostrums about free trade. We have elevated the economic theory of free...
KenH
Well-Known Member
No, we can't.
Yes, we can.
KenH
Well-Known Member
The Folly of Free Trade
Any manager who tries to create a strategy out of worn-out clichés and unexamined nostrums is dismissed. Yet in the United States and other Western countries we have grown comfortable with the government following outworn nostrums about free trade. We have elevated the economic theory of free...hbr.org
People want power to control the economy. People want power to control other people. Thus, the opposition to free markets and free trade is to be expected.
KenH
Well-Known Member
"The policy of free trade — citizens freely buying and selling goods and services across borders without government interference — is under greater attack today than it has been in decades.
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Protectionism, meanwhile, has repeatedly proven a costly failure. When researchers at the International Monetary Fund recently examined tariff increases in 151 different countries between 1963 and 2014, they found that correlated with such policies were significant declines in domestic output and productivity, more unemployment, and higher inequality. The United States is not immune to these harmful forces: Two new studies, from economists with the National Bureau of Economic Research, have found that the economic pain from Trump’s 2018 tariffs fell entirely on American consumers (companies and individuals). My 2017 survey of the academic literature on over a century of U.S. protectionism pre-Trump showed that, with very few exceptions, it imposed immense economic costs on American consumers, workers, and companies (more than $600,000 per year for every U.S. job created) while also failing to open foreign markets or resuscitate protected American firms and workers over the longer term. In case after case, the jobs still disappeared, and the companies either went bankrupt or came back to the government for more help.
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Free trade is certainly not costless, and experts have surely miscalculated projected trade flows and their effects on certain labor markets. But the problems that some Americans face as a result of free trade do not outweigh its tremendous overall benefits for the country and the world. And the downsides of free trade cannot obscure either its fundamental morality or the proven pain and inefficacy of the lone alternative, protectionism."
- excerpt from this link: https://www.cato.org/commentary/case-free-trade
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Protectionism, meanwhile, has repeatedly proven a costly failure. When researchers at the International Monetary Fund recently examined tariff increases in 151 different countries between 1963 and 2014, they found that correlated with such policies were significant declines in domestic output and productivity, more unemployment, and higher inequality. The United States is not immune to these harmful forces: Two new studies, from economists with the National Bureau of Economic Research, have found that the economic pain from Trump’s 2018 tariffs fell entirely on American consumers (companies and individuals). My 2017 survey of the academic literature on over a century of U.S. protectionism pre-Trump showed that, with very few exceptions, it imposed immense economic costs on American consumers, workers, and companies (more than $600,000 per year for every U.S. job created) while also failing to open foreign markets or resuscitate protected American firms and workers over the longer term. In case after case, the jobs still disappeared, and the companies either went bankrupt or came back to the government for more help.
...
Free trade is certainly not costless, and experts have surely miscalculated projected trade flows and their effects on certain labor markets. But the problems that some Americans face as a result of free trade do not outweigh its tremendous overall benefits for the country and the world. And the downsides of free trade cannot obscure either its fundamental morality or the proven pain and inefficacy of the lone alternative, protectionism."
- excerpt from this link: https://www.cato.org/commentary/case-free-trade
It isnt always about control. Many are concerned as free-market has the potential (probability) of lowering the standard of living in nations with fairly good standard of living. This is particularly a concern with manufacturing jobs.
In the US many states are raising the minimum wage (a wage nobody typically works for). But the current federal minimum wage is, for example, twice the median wage in Mexico. A US manufacturing company cannot compete with a like Mexican company because of the price of labor, business restrictions/ costs, and regulations.
If not for restrictive tariffs you could by a Haval Jolion (a mid-sized SUV) for under $11,000 (cheaper than ir can be made in the US).
Another concern is technology. There is a concern about national security with some products.
KenH
Well-Known Member
And then Americans that bought a "Haval Jolion" would have all that money they didn't have to spend a more expensive different vehicle and could spend it for other goods and services, including goods and services provided by fellow Americans.
No, Jon, you are defending a horrible system that uses government power to subsidize some industries and some jobs at the expense of other industries and jobs(including newer, more innovative ones).
Folks like you, Jon, trust the power of government to decide which industries and jobs should thrive, and which industries and jobs should be cut off at the knees.
I trust the billions and billions and billions of decisions of 340 million Americans made yearly in deciding which products and services they want to purchase, free from government coercion.
Well is the Chinese car any good? At one time I could have bought a Hugo for $4000.00 but it was a piece of crap. BTW,what’s a Kuboto ? We had several of those tractors on the golf course and they worked fine.
Who asked you to….you are a rude person though. Good riddence.
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