Economics Thread

The problem isn’t the tariffs, it’s that the mouthpiece for the tariffs doesn’t understand them and the free trade groupies aren’t honest about them.

Of course they increase prices. That’s the whole point. Ideally they increase prices enough that someone begins domestic production of the same or a competing product. Then the wages go from US workers to US workers instead of vacuuming US wealth straight into Asia.

Why should a transcontinental nation blessed with as many natural resources as any place on Earth and home to 350 million people have to pay another country to make anything while there are unemployed, underemployed, and underpaid people here?

The cries of “tariffs are bad” alongside “welfare is bad” are too ironic.
 
Jaw said:
The problem isn’t the tariffs, it’s that the mouthpiece for the tariffs doesn’t understand them and the free trade groupies aren’t honest about them.

Of course they increase prices. That’s the whole point. Ideally they increase prices enough that someone begins domestic production of the same or a competing product. Then the wages go from US workers to US workers instead of vacuuming US wealth straight into Asia.

Why should a transcontinental nation blessed with as many natural resources as any place on Earth and home to 350 million people have to pay another country to make anything while there are unemployed, underemployed, and underpaid people here?

The cries of “tariffs are bad” alongside “welfare is bad” are too ironic.
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Agreed completely on this front. Even the Commies understood if you use protectionist, anti-free market measures, you at least have to make with the services. The revenue will almost certainly get depleted and people will starve, but you at least have to pretend to feed the hungry.
 
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