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re: Is Reaganomics and free trade officially dead?
Posted on 5/20/24 at 6:37 am to TejasHorn
Posted on 5/20/24 at 6:37 am to TejasHorn
quote:
How did we get here? Trump loves him some tariffs, and Biden has followed suit. Why has protectionism gotten so stylish and Adam Smith so passé?
It will be to the detriment of all in the long run, but as economists say… in the long run we’ll all be dead.
LINK
That^ is where "free trade" has gotten us and it now threatens political stability. An economy can only survive on treasuries being its biggest export for as long as foreign demand rises congruently with supply. Once supply outstrips foreign demand it's time to devalue and reshore.
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