Wisdom on tariffs.
― Milton Friedman, Free to Choose: A Personal Statement
Comments
-
Friedman was also a huge supporter of property rights and the rule of law. You are comparing apples to dog sh*t.
-
Huh? I posted a Friedman quote on tariffs. What am I comparing exactly?WestlinnDuck said:Friedman was also a huge supporter of property rights and the rule of law. You are comparing apples to dog sh*t.
-
Jfc. Trumptard potd. You have no fucking clue what the original post means or says.WestlinnDuck said:Friedman was also a huge supporter of property rights and the rule of law. You are comparing apples to dog sh*t.
-
Go fuck yourself El Monte.CirrhosisDawg said:
Jfc. Trumptard potd. You have no fucking clue what the original post means or says.WestlinnDuck said:Friedman was also a huge supporter of property rights and the rule of law. You are comparing apples to dog sh*t.
-
Friedman's comments were aimed at protectionistic tariffs. Like the Canadian, European and chicom tariffs that Trump is fighting. Hope that helps. Or find a quote were Milton supported IP theft. Milton was a brilliant man. But he was an academic. He supported the earned income credit. In practice it's just a device to steal money from the US treasury.
-
The trump tariffs aren’t about IP theft. HTHWestlinnDuck said:Friedman's comments were aimed at protectionistic tariffs. Like the Canadian, European and chicom tariffs that Trump is fighting. Hope that helps. Or find a quote were Milton supported IP theft. Milton was a brilliant man. But he was an academic. He supported the earned income credit. In practice it's just a device to steal money from the US treasury.
He has spoken repeatedly about the trade deficit as a major “problem” as a jobs issue. -
Westlin desperately wants those jobs riveting the top of ball caps back in AMERICA! Where they belong.
-
Yeah, because that’s the type of IP the Chinese are stealingHustlinOwl said:Westlin desperately wants those jobs riveting the top of ball caps back in AMERICA! Where they belong.
-
Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break. -
https://www.latimes.com/politics/story/2019-10-29/steel-industry-faces-a-bleaker-future-than-when-trump-moved-to-rescue-itMikeDamone said:“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.”
― Milton Friedman, Free to Choose: A Personal Statement -
Yes, and?BennyBeaver said:
https://www.latimes.com/politics/story/2019-10-29/steel-industry-faces-a-bleaker-future-than-when-trump-moved-to-rescue-itMikeDamone said:“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.”
― Milton Friedman, Free to Choose: A Personal Statement -
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
No. I’m not. Might want to quote Lenny when you “mock” him. Dipshit.CirrhosisDawg said:
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
For a sober person, you are having a very difficult time reading your own thread.MikeDamone said:
No. I’m not. Might want to quote Lenny when you “mock” him. Dipshit.CirrhosisDawg said:
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
Even for a dumbfuck I’d think you’d know how to use the quote featureCirrhosisDawg said:
For a sober person, you are having a very difficult time reading your own thread.MikeDamone said:
No. I’m not. Might want to quote Lenny when you “mock” him. Dipshit.CirrhosisDawg said:
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government.
-
Trump
So you didn’t read the thread and have no clue what you’re talking about. And you’re sober. Explains everything.MikeDamone said:
Even for a dumbfuck I’d think you’d know how to use the quote featureCirrhosisDawg said:
For a sober person, you are having a very difficult time reading your own thread.MikeDamone said:
No. I’m not. Might want to quote Lenny when you “mock” him. Dipshit.CirrhosisDawg said:
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
I read it and saw you “respond” and “Mock” someone without referencing the post. Idiot.CirrhosisDawg said:Trump
So you didn’t read the thread and have no clue what you’re talking about. And you’re sober. Explains everything.MikeDamone said:
Even for a dumbfuck I’d think you’d know how to use the quote featureCirrhosisDawg said:
For a sober person, you are having a very difficult time reading your own thread.MikeDamone said:
No. I’m not. Might want to quote Lenny when you “mock” him. Dipshit.CirrhosisDawg said:
Holy fuck. I was mocking Lenny from west Linn. Are you drunk off your ass again? Yes, I agree with friedman’s wisdom on tariffs and negative income tax. Calm the fuck down turbo.MikeDamone said:
Friedman suggested a negative income tax that would replace all other welfare type programs. It’s an idea worth considering.CirrhosisDawg said:Trump’s “protecting” obsolete jobs and Milton Friedman advocated for stealing from the US treasury.
I’m hearing this is coming from hardworking poor people trying to catch a break.
“Stealing” from the treasury. lol. Spoken like a true statist who thinks the money in the treasury belongs to the government. -
Interesting info about tariffs and their unintended consequences.MikeDamone said:
Yes, and?BennyBeaver said:
https://www.latimes.com/politics/story/2019-10-29/steel-industry-faces-a-bleaker-future-than-when-trump-moved-to-rescue-itMikeDamone said:“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.”
― Milton Friedman, Free to Choose: A Personal Statement -
Like all government attempts to “help”BennyBeaver said:
Interesting info about tariffs and their unintended consequences.MikeDamone said:
Yes, and?BennyBeaver said:
https://www.latimes.com/politics/story/2019-10-29/steel-industry-faces-a-bleaker-future-than-when-trump-moved-to-rescue-itMikeDamone said:“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.”
― Milton Friedman, Free to Choose: A Personal Statement -
Yeah. Like the earned income credit? Billions and billions fraudulently paid by your government trying to help. Fake Social Security numbers, same addresses or PO Boxes used for hundreds of fraudulent returns. One of the biggest of the welfare scams.
-
Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists. -
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
-
I'd like to see our economy decoupled from China's, tariffs are part of that.MikeDamone said:
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
Them having a slow down is good realpolitik even if it's "bad" for our own economy.
Our own economy is quite capable of "winning" without China.
C'mon Damone. You know where I stand and why. Neo-liberalization failed to crack the CCP. It just turned them from poor Communists into middle income Fascists. -
A "slowdown" yet still much higher growth than our economy.UW_Doog_Bot said:
I'd like to see our economy decoupled from China's, tariffs are part of that.MikeDamone said:
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
Them having a slow down is good realpolitik even if it's "bad" for our own economy.
Our own economy is quite capable of "winning" without China.
C'mon Damone. You know where I stand and why. Neo-liberalization failed to crack the CCP. It just turned them from poor Communists into middle income Fascists. -
Disingenuous POTD.2001400ex said:
A "slowdown" yet still much higher growth than our economy.UW_Doog_Bot said:
I'd like to see our economy decoupled from China's, tariffs are part of that.MikeDamone said:
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
Them having a slow down is good realpolitik even if it's "bad" for our own economy.
Our own economy is quite capable of "winning" without China.
C'mon Damone. You know where I stand and why. Neo-liberalization failed to crack the CCP. It just turned them from poor Communists into middle income Fascists. -
Disagree on this front. This isn’t a trade war...this is a belief war masked as trade war (or I hope it is). The targeting of Huawei has nothing to do with trade balance and everything to do with not allowing the Chinese govt to control tech going forward, and forcing Companies away from China being a single supplier of most everything.MikeDamone said:
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
No clue if Trump has the balls to stick with it, but Lord knows no one else has even tried up to this point.
-
Therein lies one of the top 3 reasons why Trump got elected: The willingness to risk upsetting the global apple cart to reverse the managed decline of the US under both political parties for the past 20+ years.HoustonHusky said:
Disagree on this front. This isn’t a trade war...this is a belief war masked as trade war (or I hope it is). The targeting of Huawei has nothing to do with trade balance and everything to do with not allowing the Chinese govt to control tech going forward, and forcing Companies away from China being a single supplier of most everything.MikeDamone said:
China having a weak economy doesn’t mean we are “winning”. Just the opposite actually.UW_Doog_Bot said:Last I looked Chinese GDP numbers are the worst in decades and those are the "official" Beijing ones.(Though I think the trade war is only 1 contributor to a Chinese slowdown). Their consumer numbers are posting low sales and their imports of raw materials are down. They can continue to put off an actual downturn but it's going to continue to cost them long term growth.
Meanwhile, US imports have remained steady as new suppliers have expanded their market shares(Vietnam, Indonesia, India) and long term supply chains are designing China out.
Seems like a small economic drag to harm one of our major global competitors/enemies who happens to be one of the worst and most vile regimes in human history.
Wrong headed as part of the policy motivations may be I am for sanctions against the country currently violating human rights on historic scales and attempting to undermine democracy on a global level. Even more so since it will cost us very little to do so and will benefit our regional allies. Knock on effect for decoupling from the largest property bubble in human history and a hugely corrupt financial sector.
I am for free trade. Just not with fascists.
Hth
No clue if Trump has the balls to stick with it, but Lord knows no one else has even tried up to this point.
