Economics Thread

sturg33 said:
Hey, when you can emulate the trade policies of Bermuda, the Camen Islands, and Belislze... you just gotta do it!
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These would all be economic powerhouses with their excellent trade policies, they just lack that American spirit. But surely their citizens will all be thankful in 30 years when the domestic investment turns into new jobs.
 
The other thing I don’t see MAGA appropriately grappling with is what happens as international demand plummets. Even if countries are making concessions on their already low tariff rates on our exports, there will be less demand both from anti-American sentiment abroad and their lack of business revenue. The global economy is part of a cycle, and we export things we’re comparatively good at making. What happens if we fuck that up?
 
mqt said:
All those super free and prosperous countries we aspire to be like here in slummy old America.
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Because what they know is what America has stood for in the past. Not the impossible situation it is for a majority of young people.

Even that is better than what exists around the world but it’s not the gap that oreviously existed.
 
mqt said:
The other thing I don’t see MAGA appropriately grappling with is what happens as international demand plummets. Even if countries are making concessions on their already low tariff rates on our exports, there will be less demand both from anti-American sentiment abroad and their lack of business revenue. The global economy is part of a cycle, and we export things we’re comparatively good at making. What happens if we fuck that up?
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Demand is cyclical as all economic cycles.

Even if aggregate demand drops the onshoring brings.l a larger percentage of the COGS here in the US so our citizens would be in a better position even with a drop in global demand.
 
mqt said:
I’m not dumb enough to think a libertarian will ever be satisfied, but I do think they’d engage more constructively with trade barriers that weren’t insane.
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I’ve bit my tongue for plenty of these. We didn’t have “free trade” before liberation day. We just have less now
 
mqt said:
These would all be economic powerhouses with their excellent trade policies, they just lack that American spirit. But surely their citizens will all be thankful in 30 years when the domestic investment turns into new jobs.
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There’s not a country MAGA can point to that followed their blueprint and had a better country to show for it. But silly me, we’re not supposed to point to any history pre-COVID because we trashed that data as irrelevant.
 
acesfull86 said:
There’s not a country MAGA can point to that followed their blueprint and had a better country to show for it. But silly me, we’re not supposed to point to any history pre-COVID because we trashed that data as irrelevant.
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There is no country like the US so trying to compare it to anything else is just an exercise in being wrong.
 
thethe said:
There is no country like the US so trying to compare it to anything else is just an exercise in being wrong.
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The US is not just some magical entity, it’s the things we have done that got us here, good and bad. One of the good things has been relatively free trade compared to some other nations which led to the economy we have that you point to as a strength for us on the global stage.
 
thethe said:
Yes you guys are all over it now. I’m aware.

there were little peeps if any in the past. Revisionist history is what I’d call this.
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I’m not the most economically illiterate leftist out there, but I can tell you definitively from personal experience that you’re wrong about them not taking the left to task for its policies.
 
mqt said:
The US is not just some magical entity, it’s the things we have done that got us here, good and bad. One of the good things has been relatively free trade compared to some other nations which led to the economy we have that you point to as a strength for us on the global stage.
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The unfettered disaster of “free trade” we have seen for the last 50 years, which just is a fancy way of describing leveraging cheaper labor cost, is something much more “new” in our nations history. Even the trade prior to that with other nations wasn’t based on just finding cheap labor. It was about actual competitive edge so again your description of what America is is just wrong.
 
mqt said:
I’m not the most economically illiterate leftist out there, but I can tell you definitively from personal experience that you’re wrong about them not taking the left to task for its policies.
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Who is talking about the left here?
 
thethe said:
Yes you guys are all over it now. I’m aware.

there were little peeps if any in the past. Revisionist history is what I’d call this.
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We haven’t been talking about this for the last 7 years?

Man I guess posting on this forum really is a complete waste of my time
 
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