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re: Protectionism is not the answer
Posted on 2/24/17 at 11:05 am to CoachDon
Posted on 2/24/17 at 11:05 am to CoachDon
quote:
Given the current trade deficit, by putting the tax on imports and not taxing exports, we raise revenue.
And creates inflation which in turn decreases revenue - unless of course you want central price controls which leads in a whole different discussion.
Posted on 2/24/17 at 11:44 am to Antonio Moss
quote:
And creates inflation which in turn decreases revenue - unless of course you want central price controls which leads in a whole different discussion.
True, but it would also raise the dollar’s exchange rate, which could offset or cancel out some of these other effects in time. The impact on real GDP and employment would depend on how these effects panned out, and how the Federal Reserve reacted to the increase in inflation.
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