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Posted on 2/24/17 at 10:20 am to Antonio Moss
quote:
Do it via deregulation and market reforms, not protectionism.
Antonio is exactly right--couple this with lower the very unfair taxes on corporations and the job growth will come.
Posted on 2/24/17 at 10:35 am to Antonio Moss
quote:
Do it via deregulation and market reforms, not protectionism.
Trump has been campaigning on how much China is kicking our arse and we need to implement protectionist policies because of their currency devaluation...etc. However he, nor his supporters ever discuss the effect of currency devaluation on capital. Rich Chinese don't just let their money sit there and devalue. They move their cash overseas and often times move with it. Trump himself has greatly profitted from this foreign investment.
China has an enormous problem with capital flight that they cannot fix because their protectionist policies inevitably lead to this result. They are burning through their USD reserves trying to prop up the RMB to prevent outflow as well as instituting capital controls that are ultimately ineffective.
Posted on 2/24/17 at 5:27 pm to Antonio Moss
quote:
Do it via deregulation and market reforms, not protectionism
Pollute baby pollute
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