Economics Thread

[sturg33]

Yup - this has been my position from the beginning. Net/net Americans will be ina better spot. First world issues of a PS5 costing 50 dollars more (lol) aside these policies will be great for majority of Americans.

But YOU said the PS5 wouldnt cost more.

Were you wrong??

(Great to be able to ignore the people who make a fool of you)

 

[sturg33]

Any commentary on trunp taking a stake in intel or are we free traders just supposed to cheer?

 

[mqt]

Yup - this has been my position from the beginning. Net/net Americans will be ina better spot. First world issues of a PS5 costing 50 dollars more (lol) aside these policies will be great for majority of Americans.

What about the issues of all the things we actually need to buy being more expensive when so many are living paycheck to paycheck?

 

[thethe]

What about the issues of all the things we actually need to buy being more expensive when so many are living paycheck to paycheck?

What things are these? What is actually increasing? Because people living paycheck to paycheck aren’t buying PS5s

 

[mqt]

What things are these? What is actually increasing? Because people living paycheck to paycheck aren’t buying PS5s

Anything in a can, for starters.

 

[Jaw]

And our houses and cars?

New home construction may go up a little but it shouldn’t be much. Lumber, cement, and flooring are all large industries in the US. Real estate and labor shouldn’t be impacted. Car prices will go up obviously, because the domestic auto manufacturing industry has been devastated over the past few decades. By free trade.

 

[thethe]

New home construction may go up a little but it shouldn’t be much. Lumber, cement, and flooring are all large industries in the US. Real estate and labor shouldn’t be impacted. Car prices will go up obviously, because the domestic auto manufacturing industry has been devastated over the past few decades. By free trade.

Hooray free trade!

 

[thethe]

Anything in a can, for starters.

So 2 liters which are bought by families living paycheck to paycheck aren’t impacted. What else?

The prices that have gone up are effectively luxury type goods. So the people that greatly beenfitted from free trade now have to pay some extra dollars. Boo hoo!

 

[mqt]

So 2 liters which are bought by families living paycheck to paycheck aren’t impacted. What else?

The prices that have gone up are effectively luxury type goods. So the people that greatly beenfitted from free trade now have to pay some extra dollars. Boo hoo!

Lemme go check the local Walmart for the 2L vegetables.

 

[thethe]

Lemme go check the local Walmart for the 2L vegetables.

aren’t frozen vegetables cheaper?

 

[mqt]

aren’t frozen vegetables cheaper?

What do you think happens to the price of frozen vegetables when other types of vegetables become more expensive?

 

[Jaw]

Of course those problems are also pretty easily worked around. Need to save a few grand on a home? Go with a less expensive granite in those new 400 sq ft kitchens. Maybe a shower head doesn’t need to massage you, and imported tile surrounds aren’t necessary for the whirlpool tub. I might even go crazy and say maybe building codes can be adjusted so a one story house isn’t required to be built to withstand the vertical load of a three story. Maybe the new family car doesn’t need to be a 3 row SUV with heated seats, tufted leather, and self driving.

My family will be buying a minimum of 2 cars in the next 2 years and that’s assuming that the 20 year old truck I drive daily is able to hold up. I would also like to move within the next 5 years.

 

[mqt]

Of course those problems are also pretty easily worked around. Need to save a few grand on a home? Go with a less expensive granite in those new 400 sq ft kitchens. Maybe a shower head doesn’t need to massage you, and imported tile surrounds aren’t necessary for the whirlpool tub. I might even go crazy and say maybe building codes can be adjusted so a one story house isn’t required to be built to withstand the vertical load of a three story. Maybe the new family car doesn’t need to be a 3 row SUV with heated seats, tufted leather, and self driving.

My family will be buying a minimum of 2 cars in the next 2 years and that’s assuming that the 20 year old truck I drive daily is able to hold up. I would also like to move within the next 5 years.

You’re still talking about an entire economic class or two above the ones most negatively impacted by these polices though?

 

[thethe]

What do you think happens to the price of frozen vegetables when other types of vegetables become more expensive?

Cost of aluminum doesn’t change vegetable costs in all mediums.

 

[Jaw]

You’re still talking about an entire economic class or two above the ones most negatively impacted by these polices though?

I was talking about the supply side in response to sturg asking about houses and cars.

 

[mqt]

Cost of aluminum doesn’t change vegetable costs in all mediums.

The entirety of economic history under capitalism would beg to differ. When the government makes a competing good artificially more expensive, for-profit companies will inevitably rush to find the new equilibrium in the market. And given the limited number of firms these days, all these companies are likely distributing the added tariff costs across all their products, including frozen veggies they probably also sell.

 

[sturg33]

New home construction may go up a little but it shouldn’t be much. Lumber, cement, and flooring are all large industries in the US. Real estate and labor shouldn’t be impacted. Car prices will go up obviously, because the domestic auto manufacturing industry has been devastated over the past few decades. By free trade.

Is it your position that any job industry that gets "devastated" is a bad thing regardless of the upside?

 

[mqt]

I was talking about the supply side in response to sturg asking about houses and cars.

Gotcha, but to be fair, these things do impact those producers to the benefit of other producers. That’s why I particularly dislike the scattershot, tariff it whether it makes sense or not approach we’ve taken. Trump is actively intervening to give certain companies and industries relief and leaving others to drown.

 

[sturg33]

Of course those problems are also pretty easily worked around. Need to save a few grand on a home? Go with a less expensive granite in those new 400 sq ft kitchens. Maybe a shower head doesn’t need to massage you, and imported tile surrounds aren’t necessary for the whirlpool tub. I might even go crazy and say maybe building codes can be adjusted so a one story house isn’t required to be built to withstand the vertical load of a three story. Maybe the new family car doesn’t need to be a 3 row SUV with heated seats, tufted leather, and self driving.

My family will be buying a minimum of 2 cars in the next 2 years and that’s assuming that the 20 year old truck I drive daily is able to hold up. I would also like to move within the next 5 years.

The solution you're proposing is a downgrade in quality of life for all Americans

Common with the a protectionist, socialist, mindset

 

[sturg33]

Hooray free trade!

I once again ask what's the point of you being here if you're too scared to debate.

Don't behind jaw. You can do it!