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Free trade leads to prosperity for the masses. Protectionism leads to economic crashes.
Watch the grand master dissect and explain why. A must watch for anyone who still don't know why Trump's proposal will lead to disaster.
There is no such thing as "free trade." That's just a catch phrase. The correct term is managed trade, which even Friedman stated as including certain tariffs, whether they be import or export. Trump has never called for protectionism. That's just liberal, MSM idiocy.
Renegotiating NAFTA, as is Trump's intention, will provide for a more equitable trade agreement. Even Friedman stated the shortcomings of NAFTA:
Quote:
as NAFTA is concerned, it really is a minor thing, from the point of view of the United States. After all, the United States is a very much larger economy than Mexico. The main beneficiary for NAFTA will be Mexico and the people in Mexico, not the people in the United States.... It will help us a little, but a trifle. Milton Friedman Interview -- Academy of Achievement: Print Preview
Our country should be benefiting more than just a trifle from our trade agreements. Trump has been talking about this for decades. Here's a clip when he appeared on the Oprah show discussing our trade imbalances with Japan.
Because it's easier to shrug off debt by saying in the long run we're all dead?
Of course the person who doesn't work, could barely afford rent, couldn't get a loan, and blame his predicament on "the elites", is the one who is an expert on the economy.
There is no such thing as "free trade." That's just a catch phrase. The correct term is managed trade, which even Friedman stated as including certain tariffs, whether they be import or export. Trump has never called for protectionism. That's just liberal, MSM idiocy.
Trump has been calling for protectionism since very early in his campaign!!! What is it with you right-wingers? It's as if you think that by calling it something else or outright denying it, that the rest of us won't noticed.
Friedman has unequivocally said tariff hurts both trading countries.
Quote:
Originally Posted by Horizonite
Renegotiating NAFTA, as is Trump's intention, will provide for a more equitable trade agreement. Even Friedman stated the shortcomings of NAFTA:
Our country should be benefiting more than just a trifle from our trade agreements. Trump has been talking about this for decades. Here's a clip when he appeared on the Oprah show discussing our trade imbalances with Japan.
Trump has been calling for protectionism since very early in his campaign!!! What is it with you right-wingers? It's as if you think that by calling it something else or outright denying it, that the rest of us won't noticed.
Friedman has unequivocally said tariff hurts both trading countries.
You're basically saying listen to the guy who has never shown any economic astuteness over the master who saved America from the 70s.
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Instead of rambling incoherently, why don't you post factual links supporting your assertions? I also see that you totally ignored Friedman's own words regarding free trade and managed trade.
Trump renegotiating bad trade agreements is labeled protectionism by liberals who got us into these agreements to begin with.
The U.S. is not a participant in any "free trade" agreements. They all have either import or export tariffs. Friedman and other economists call the existing U.S. trade agreements, managed trade agreements, not free trade agreements.
I know these are difficult concepts to grasp but it really makes no difference. President Trump will negotiate more equitable agreements with or without democrats permission.
8. How did NAFTA affect tariff rates within North America?
On January 1, 2008, the last remaining tariffs were removed within North America. When implemented (1993), NAFTA immediately lifted tariffs on the majority of goods produced by the NAFTA partners and called for the phased elimination, over 15 years, of most remaining barriers to cross-border investment and to the movement of goods and services between the three countries.
When there is inequality due to slave wages in one country and lawsuits and huge pay in ours then there is no equal field to create a free market. In the current state you only benefit globalist who would push Bush down your throat.
No regulations or lawsuits elsewhere have caused manufacturers to leave us.
Until we highly restrict lawsuits and have tariffs to compensate for the slave wages elsewhere, there can be no freedom in markets. Only globalist and their companies win.
LOL......until we have regulations and restrictions that you support, we can not have freedom. LOL
No government is telling its citizens what they can or cannot trade via NAFTA. The agreement merely eliminates tariffs. Anyone is free to trade anything that is legal.
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That could have been accomplished with a one page law.
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