Who pays for tariffs update
Comments
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“What means something is if you look at trade deficits in proportion to prosperity, the higher the trade deficits, the more prosperity. The lower the trade deficits, the less prosperity. We get a reduction in trade deficits when we go into a recession. We get an expansion of trade deficits when we’re in a boom. So really nothing about a trade deficit gives any real useful instruction to the economy.”
You know, when Rand is right, he's right.
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So we should just run up larger and larger trade deficits every year and that guarantees boom times.
Ok.
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We've got large trade surpluses in services. I'm gonna guess you don't wish you lived in China or Vietnam just because we are in deficit with them when it comes to Walmart T-shirts.
Comparative advantage? Adam Smith? Ring any bells?
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Explain why reciprocal tariffs are contrary to Adam Smith’s free market writings
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Renowned economist H is back in ECON 101 with his basic-level knowledge of Adam Smith’s beliefs.
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You could reconcile reciprocal tariffs with Adam Smith’s work, I would think. But you’re not operating under the delusion that Daddy’s tariffs are actually reciprocal I hope.
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When Daddy pretends he won something and stops this nonsense the stock market will rally?
No shit!
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