This isn’t how economics work. Protectionism make us poorer, although it does

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Dec 4, 2024
7:29:03am

Japan Coug Intervention Needed

This isn’t how economics work. Protectionism make us poorer, although it does

favor certain groups in society at the expense of others. It results in a redistribution of wealth from the majority to the favored minority, and drives higher inflation. It’s unfortunate that most politicians (and voters) do not understand basic economics.

American Enterprise Institute - AEI

An Economic Analysis of Protectionism Clearly Shows That Trump's Tariffs Would Make Us Poorer, Not Greater

There’s been a lot of talk lately about the new government industrial policy of threatening to penalize U.S. manufacturers that move production and jobs overseas by imposing 30-40% tariffs on the American customers of those companies if their goods return to the U.S. as imports. There’s also a...

https://www.aei.org/carpe-diem/an-economic-analysis-of-protectionism-clearly-shows-that-tariffs-make-us-poorer-not-greater/

What Is Comparative Advantage? Definition vs. Absolute Advantage

Learn about comparative advantage, and how it is an economic law that is foundation for free-trade arguments.

https://www.investopedia.com/ask/answers/09/law-comparative-advantage.asp#:~:text=Comparative%20advantage%20urges%20nations%20to,leads%20to%20overall%20gains%20in#:~:text=Comparative%20advantage%20urges%20nations%20to,leads%20to%20overall%20gains%20in[https://www.investopedia.com/ask/answers/09/law-comparative-advantage.asp#:~:text=Comparative%20advantage%20urges%20nations%20to,leads%20to%20overall%20gains%20in]

This message has been modified

Originally posted on Dec 4, 2024 at 7:29:03am

Message modified by Japan Coug on Dec 4, 2024 at 7:31:45am

Message modified by Japan Coug on Dec 4, 2024 at 7:34:50am

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Japan Coug

Bio page: Japan Coug
Joined: Feb 3, 2003
Last login: Dec 4, 2024
Total posts: 39,806 (523 FO)

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Messages

Author

Time

So tariffs are going to cost Canada $100B or they can be the 51st state

Rhubarb

Dec 3, 11:27pm

That’s actually what they will cost US consumers/taxpayers.

Japan Coug

1:58am

That simplistic idea needs some nuance. Each tariff dollar becomes revenue that gets spent mostly on

3:48am

This isn’t how economics work. Protectionism make us poorer, although it does

Japan Coug

7:29am

While there may be an increase in prices for consumers in the long run

gopman

8:00am

Free trade has made us wealthy. America would be much poorer today had we had

Japan Coug

8:08am

We had "protectionist" policies in the 50's & 60's as well. Reagan imposed

gopman

8:23am

Economically, all tariffs are bad. However, they are often “good” politically,

Japan Coug

8:52am

Not true. For low prices for consumers, sure. But the trade off economically

gopman

11:15am

Incorrect. The net of those two is negative; virtually all economists oppose

Japan Coug

12:51pm

"ALL" economists? I don't think so. Sounds like "ALL scientists & viruologist

gopman

12:56pm

Pretty much all non-Marxist economists. You'll have a hard time finding any

Japan Coug

1:01pm

"Viruogists agree with Dr. Fauci that wearing a mask & standing six feet

gopman

1:11pm

Posture and whine all you want, it doesn't change what I am saying. Lots of

Japan Coug

1:18pm

You (& some economists) still can't refute my point that tarrifs since our

gopman

4:33pm

I wish we’d drop income tax and increase tariffs…

maxpowers

7:04am

You should watch these videos.

Best Guess

2:45pm

Board name checks out. You should read these articles, or pretty much any

Japan Coug

3:22pm

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