Economics Thread

sturg33 said:
Re: lobbying will you criticize Trump for allowing exceptions to some companies on their tarrifs?
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"Anybody that’s against Tariffs, including the Fake News Wall Street Journal, and Hedge Funds, is only against them because these people or entities are controlled by China, or other foreign or domestic companies."

- Donald Trump
 
acesfull86 said:
1) If you want to believe your own MAGA contrived view of international trade (this time it's different!) and ignore 250+ years of evidence, have at it

2) It's literally letting other nations dictate the terms of our tax policy. To which I do agree with the LOL.

3) So much for draining the swamp.
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1) again - simplistic analysis that focus on “costs” of the tariffed product. Some of us understand thdt tariff policy is a holistic economic measure. Many, like you, don’t and that’s fine. You take your “studies” on costs.

2) when those nations reduce their tariffs then who is controlling policy?

3) this is you living in L fantasy land. Not everything will be fixed on day 1.
 
Some of us understand thdt tariff policy is a holistic economic measure. Many, like you, don’t and that’s fine.

Guess it's my turn to LOL
 
acesfull86 said:
Some of us understand thdt tariff policy is a holistic economic measure. Many, like you, don’t and that’s fine.

Guess it's my turn to LOL
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Everything you cite is about how costs increase in the tariffed product (often far less than original hair on fire free trade absolutists claim) and that’s where the analysis ends. I’d expect it from middle school level analysis for sure.
 
thethe said:
Everything you cite is about how costs increase in the tariffed product (often far less than original hair on fire free trade absolutists claim) and that’s where the analysis ends. I’d expect it from middle school level analysis for sure.
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Maybe you need to go back and re-read
 
Trump’s bold move to ditch the old guard is exactly what we need (DOGE was a genius idea). He’s actually showing some smart negotiating skills with other countries. He could really make a difference in the second term.

But here’s the thing: all that good he could do would be overshadowed by the huge risk of a global trade war. The idea of driving inflation up just to bring some manufacturing jobs back to the US seems a bit short-sighted. After all, manufacturing jobs are likely to be replaced by AI and robots anyway. Why should I sacrifice for the promise of jobs that might never come true?
 
chop2chip said:
Trump’s bold move to ditch the old guard is exactly what we need (DOGE was a genius idea). He’s actually showing some smart negotiating skills with other countries. He could really make a difference in the second term.

But here’s the thing: all that good he could do would be overshadowed by the huge risk of a global trade war. The idea of driving inflation up just to bring some manufacturing jobs back to the US seems a bit short-sighted. After all, manufacturing jobs are likely to be replaced by AI and robots anyway. Why should I sacrifice for the promise of jobs that might never come true?
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Big changes are come - established norms are being challenged and uprooted.

AI and robotics will replace a lot of jobs but create many others with proper training. It will be cheaper to run these plants in US.
 
chop2chip said:
Trump’s bold move to ditch the old guard is exactly what we need (DOGE was a genius idea). He’s actually showing some smart negotiating skills with other countries. He could really make a difference in the second term.

But here’s the thing: all that good he could do would be overshadowed by the huge risk of a global trade war. The idea of driving inflation up just to bring some manufacturing jobs back to the US seems a bit short-sighted. After all, manufacturing jobs are likely to be replaced by AI and robots anyway. Why should I sacrifice for the promise of jobs that might never come true?
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It'd be helpful if MAGA could point to a single instance where the use of tariffs led to a desired outcome where the benefits clearly out-weighed the costs. MAGA's position is to ask us all to ignore hundreds of years of data/empirical evidence/established economic consensus and just trust them. And what's that trust supposed to be based on? A faith in their leader, who daily shows how ignorant he is on international trade. (see his incoherence on trade deficits and how they're calculated)

What could go wrong?
 
Apologies for being concerned about the costs rising on americans, particularly poor and middle class who are getting crushed by inflation
 
"Shouldn’t we wake up every day thinking, ‘Holy sh*t, everything I have right now is because Xi Jinping hasn’t decided to screw us yet’?

-----

LMAO
 
sturg33 said:
Apologies for being concerned about the costs rising on americans, particularly poor and middle class who are getting crushed by inflation
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bafkreidtqsncrcoabu2bbibkmlzvgitsxpmwso3wsryjbyncgyhbsxz5qm@jpeg
 
1. I am told bird flu

2. His "policy" of telling a lie when the truth would serve him as well
re: First day egg prices , end war in Ukraine and dictator for just one day

My guess is many of his voters including my neighbor I introduced to the board a few weeks back
bought that shtick
I live in rural America where people are easily bamboozled
 
sturg33 said:
Apologies for being concerned about the costs rising on americans, particularly poor and middle class who are getting crushed by inflation
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Very worthy thing to be concerned about - But its not the only thing that should be evaluated when discussing the success or failure of tariff policy.
 
Rural America easily bamboozled lol

“There was a nice man selling this Rolex on the side of the street on downtown NYC!”
 
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