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Old 10-11-2018, 10:54 PM
1,026 posts, read 559,196 times
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Originally Posted by 6oo9 View Post
Is that the economic rule? It was said liberals in the past allowing cheap things coming into the country and stole the jobs, would things more expensive (through Trump tariffs) make things right?

Some say they have to be paid $45/hour to work, because rent has gone up.
6009, for any given amount of a nation's net domestic expenditures spending for products, if the nation experienced an annual negative balance of international trade, (i.e. a trade deficit), the nation's GDP, (gross domestic production) was less than otherwise; otherwise being if the nation had not experienced an annual trade deficit.
Annual trade deficits are always net detrimental to their nation's GDP.

[Furthermore, international trades' effects upon their nation's domestic production can only be identified to the extent that they're reflected within the prices of globally traded products. Due to international trade, the contributions to trade surplus nations and the detriments to trade deficit nations domestic productions actually exceed the extents of their nation's net balance of global trade.]

I'm among the proponents of USA adopting the substantially market-driven proposal described within Wikipedia's “Import Certificates” article. It is superior to pure free trade or to tariff policies.
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