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re: Muh tariffs are taxes on the American consumer!
Posted on 6/5/19 at 11:29 pm to TigerBait1971
Posted on 6/5/19 at 11:29 pm to TigerBait1971
Lots of folks encourage people to shop local because it keeps money in the local economy and has somewhat of a multiplier effect. Before going into comparative and absolute advantages, hear me out.
This is a simple idea applied to a very complex international system, but at what point does the same idea hold true - that keeping the money in the local economy (the US) has a multiplier effect and is better for the country in the long run?
From a national security standpoint it would seem like a better trade off to no longer rely so heavily on imports.
Society has become so fixated on having the lowest price that it doesn’t consider other items of value that are being given up to get that lowest price.
Just something to consider.
This is a simple idea applied to a very complex international system, but at what point does the same idea hold true - that keeping the money in the local economy (the US) has a multiplier effect and is better for the country in the long run?
From a national security standpoint it would seem like a better trade off to no longer rely so heavily on imports.
Society has become so fixated on having the lowest price that it doesn’t consider other items of value that are being given up to get that lowest price.
Just something to consider.
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