You did not understand his answer, which was that Trump’s trade barriers were a response to China’s refusal to float exchange. This was giving China an unfair advantage that the trade barriers were going to punish them for.

Austrian Economic theory posits that free trade between countries makes both countries richer, and it’s true. However, when one country is using predatory exchange rate policies, when those policies are causing them to monopolize critical defense production, and when that country is your enemy, it must be stopped. To Donald Trump’s everlasting credit, he saw these things before anyone else in Washington.

This post was edited on 5/11/24 at 7:43 am

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Posted by Warboo

Enterprise Alabama

Member since Sep 2018

3052 posts

Posted on 5/11/24 at 7:49 am to Penrod

quote:
You did not understand his answer, which was that Trump’s trade barriers were a response to China’s refusal to float exchange. This was giving China an unfair advantage that the trade barriers were going to punish them for.

Austrian Economic theory posits that free trade between countries makes both countries richer, and it’s true. However, when one country is using predatory exchange rate policies, when those policies are causing them to monopolize critical defense production, and when that country is your enemy, it must be stopped. To Donald Trump’s everlasting credit, he saw these things before anyone else in Washington.

Exactly. China has been using currency valuations against us forever. It has cost the US billions upon billions. Trump evened the playing field.

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Posted by tide06

Member since Oct 2011

12451 posts

Posted on 5/11/24 at 8:37 am to Penrod

quote:
Austrian Economic theory posits that free trade between countries makes both countries richer, and it’s true. However, when one country is using predatory exchange rate policies, when those policies are causing them to monopolize critical defense production, and when that country is your enemy, it must be stopped. To Donald Trump’s everlasting credit, he saw these things before anyone else in Washington.

We may sometimes disagree but it’s a credit to you that you are able to be objective.

Tribalism isn’t going to prevent the catastrophe that is barreling towards the western establishment. Realistically the valid concerns being raised on the right AND left will require an acknowledgment that the current setup needs to be tweaked and unless people wake up to the fact that many of the issues that brought Trump to power are the same issues that are giving rise to Bernie Sanders on the left.

It doesn’t mean that I agree with Bernie’s solutions, but if the problems weren’t real he wouldn’t have his base and the same is true for Trump.

-College IS far too expensive and offers far too little ROI currently.

-There are far too few livable wage jobs to support the American dream for the middle class right now.

-Health care is far too expensive and needs to be addressed so that basic levels of care can be provided for everyone

-Congress is hopelessly inept and institutionally corrupt.

I support Trump for 2024 yet I have to wonder how many more people would support his message if it were being delivered by someone who sounded like Barack Obama instead of via angry tweets. I legitimately think that candidate might lock up a 60% vote total.

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