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Old 03-04-2018, 06:41 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,332 posts, read 14,048,526 times
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Quote:
Originally Posted by mtl1 View Post
What's so bad about Keynesian economics? It's not as bad as what we have now.
Keynesian is globalist..aka liberal..aka fascist
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Old 03-04-2018, 06:49 PM
 
12,403 posts, read 3,894,983 times
Reputation: 3766
Quote:
Originally Posted by workingclasshero View Post
Keynesian is globalist..aka liberal..aka fascist
Yeah probably so, but I think he believed in trade balances, but the economics we have now is globalists and favor and support trade deficits.
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Old 03-04-2018, 07:36 PM
 
Location: Downtown Phoenix, AZ
18,927 posts, read 6,873,423 times
Reputation: 5856
Quote:
Originally Posted by workingclasshero View Post
Keynesian is globalist..aka liberal..aka fascist
You don't know what you are talking about
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Old 03-04-2018, 07:52 PM
 
23,140 posts, read 12,300,165 times
Reputation: 7319
Quote:
Originally Posted by rebeldor View Post
...as a result of the artificial barrier erected against foreign goods, American labor, capital and land are deflected from what they can do more efficiently to what they do less efficiently. Therefore, as a result of the tariff, the average productivity of American labor and capital is reduced.

-Henry Hazlitt, Economics in One Lesson https://mises.org/wire/who%E2%80%99s-protected-tariffs

It is important to realize that what those benefited by these measures (tariffs) consider an advantage for themselves lasts only for a limited time. In the long run the privilege accorded to a definite class of producers loses its power to create specific gains.

-Ludwig von Mises, Human Action Mises on how the “boon” of a tariff privilege is soon dissipated (1949) - Online Library of Liberty

Slavery is a violation, by law, of liberty. The protective tariff is a violation, by law, of property.

-Frédéric Bastiat, The Law The Law, by Frederic Bastiat

Protectionism is simply a plea that consumers, as well as general prosperity, be hurt so as to confer permanent special privilege upon groups of inefficient producers, at the expense of competent firms and of consumers. But it is a peculiarly destructive kind of bailout, because it permanently shackles trade under the cloak of patriotism.

-Murray N. Rothbard https://mises.org/wire/how-look-tariffs-1

Talk about import restrictions or complaints about "outsourcing" today proceed with the same mindless disregard of what other nations are doing and will do. People who throw around statistics about how many American jobs have been outsourced don't even mention how many Americans have jobs that have been outsourced from other countries, much less how many Americans will lose those jobs if we start a new round of international trade restrictions.

-Thomas Sowell vindy.com | THOMAS SOWELL Tariffs didn't work then, won't work now

Tariff policy beneficiaries are always seen, but its victims are mostly unseen. Politicians love this. The reason is simple. The beneficiaries know for whom to cast their ballots and to whom to give campaign contributions. Most often, the victims do not know whom to blame for their calamity.

-Walter Williams https://www.investors.com/politics/c...-with-tariffs/
Does anybody defend tariffs -- other than Trump and his loyal followers?
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Old 03-04-2018, 08:07 PM
 
79,171 posts, read 33,597,768 times
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Quote:
Originally Posted by moneill View Post
Does anybody defend tariffs -- other than Trump and his loyal followers?
I don't recall many complaints when Obama put a 35% tariff on Chinese tires.
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Old 03-05-2018, 07:39 AM
 
Location: NYntarctica
11,435 posts, read 6,407,950 times
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Quote:
Originally Posted by moneill View Post
Does anybody defend tariffs -- other than Trump and his loyal followers?
If it was Obama creating these tariffs, they would be calling him a socialist. Sadly a lot of people blindly follow whatever Trump does, even if it goes against their own beliefs. Trump could make a law tomorrow requiring every US citizen to open their house to illegal immigrants, and these people would still support him. It's a cult
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Old 03-05-2018, 07:49 AM
 
Location: Colorado Springs
4,376 posts, read 1,813,549 times
Reputation: 3299
Quote:
Originally Posted by FirebirdCamaro1220 View Post
You don't know what you are talking about
Yea so sad to see how conservatives twist language
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Old 03-05-2018, 07:58 AM
 
23,140 posts, read 12,300,165 times
Reputation: 7319
Quote:
Originally Posted by pknopp View Post
I don't recall many complaints when Obama put a 35% tariff on Chinese tires.
I suspect those of us complaining now complained then too. Maybe not here (wasn't here back then) but yeah -- tariffs don't do any good.

I suspect the negative impact of those tariffs may have made some folks more aware. It was a good idea to bring this up as an example.

Obama got tough on China. It cost U.S. jobs and raised prices - Jan. 3, 2017

I suspect that we are paying more attention to our govt., which is a good thing.

I suspect that Trump's rogue tweeting -- out of the blue -- about it -- has something to do with the fuss he's created.

I suspect that the crashing stock market isn't helping the case here.
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Old 03-05-2018, 08:30 AM
 
1,485 posts, read 304,399 times
Reputation: 416
Two things:

1. Tariff is a form of tax, whoever is arguing against this is completely clueless. Importers will just raise the price accordingly, passing it to consumers.
2. Economics is not a science, there are no "laws". Raw materials come from nature but then all the factors are determined by human behavior, ex, skills, wages, how well informed consumers are, trade, etc. This has nothing to do with laws, but human abilities and relationships that can be easily modified if we were nicer to each other instead of trying to screw up our neighbors over.

After giving huge tax to the rich, the average person is going to pay more in another form of tax.
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Old 03-05-2018, 11:05 AM
 
Location: Denver, CO
8,347 posts, read 1,918,490 times
Reputation: 1662
Quote:
Originally Posted by thelogo View Post
Two things:

1. Tariff is a form of tax, whoever is arguing against this is completely clueless. Importers will just raise the price accordingly, passing it to consumers.
2. Economics is not a science, there are no "laws". Raw materials come from nature but then all the factors are determined by human behavior, ex, skills, wages, how well informed consumers are, trade, etc. This has nothing to do with laws, but human abilities and relationships that can be easily modified if we were nicer to each other instead of trying to screw up our neighbors over.
That's what the Trump cult isn't able to comprehend. TARIFFS ARE TAXES. That tax cut we just got? Poof...all gone.
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