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Message
Increasing how much we export: good or bad for Americans overall?
Posted on 4/20/18 at 1:20 pm
Posted on 4/20/18 at 1:20 pm
Seems to me like the obsession to increase our exports to bridge the trade deficit does nothing but lower the supply available for me here at home to purchase. Lower supply= higher price.
Could you imagine how much lower prices would be in America if every good we exported was instead sold in our own stores domestically?
I am not calling for any sort of economic control on how much we export, just that the obsession with trade deficit isn't actually related to health of a nation.
It does not benefit American consumers when goods are shipped to other lands.
Could you imagine how much lower prices would be in America if every good we exported was instead sold in our own stores domestically?
I am not calling for any sort of economic control on how much we export, just that the obsession with trade deficit isn't actually related to health of a nation.
It does not benefit American consumers when goods are shipped to other lands.
This post was edited on 4/20/18 at 1:26 pm
6
Posted on 4/20/18 at 1:22 pm to HailHailtoMichigan!
Or the manufacturers could increase production??
Posted on 4/20/18 at 1:24 pm to HailHailtoMichigan!
I take it you must be a professor or work for the government. Go get a real job baw
Posted on 4/20/18 at 1:24 pm to Wtodd
quote:
Or the manufacturers could increase production??
Sounds logical to me - if you're in the money making business to make money.
Posted on 4/20/18 at 1:33 pm to HailHailtoMichigan!
More exports mean more jobs .
Posted on 4/20/18 at 1:34 pm to HailHailtoMichigan!
There's no downside to selling more to foreign markets, unless we're selling exploding vests.
Posted on 4/20/18 at 1:39 pm to TheHarahanian
quote:If you are in an industry that relies on foreign sales.
There's no downside to selling more to foreign markets
How does it benefit the consumer though? A barrel of oil produced in America but consumed abroad by definition cannot benefit the American consumer.
Here is a current article describing exactly the issue
higher oil exports pulling gas prices higher
Posted on 4/20/18 at 2:06 pm to HailHailtoMichigan!
Higher oil prices will lead to increase of production.
See corn after ethanol mandate. It skyrocketed for a few years then everyone started planting corn and now it's barely profitable anymore the price is so low
See corn after ethanol mandate. It skyrocketed for a few years then everyone started planting corn and now it's barely profitable anymore the price is so low
Posted on 4/20/18 at 2:08 pm to HailHailtoMichigan!
quote:
Seems to me like the obsession to increase our exports to bridge the trade deficit does nothing but lower the supply available for me here at home to purchase. Lower supply= higher price.
Yeah. But if you can't export, then making it here becomes less profitable, meaning that people will make less of it, which will send prices higher and cause more of it to be imported from overseas.
Posted on 4/20/18 at 2:39 pm to HailHailtoMichigan!
Something tells me that you are just playing Devil's advocate here.
No way you have never heard of "comparative advantage".
No way you have never heard of "comparative advantage".
Posted on 4/20/18 at 2:41 pm to stuntman
Partially I am playing DA
I’m not against companies selling to foreigners
Just wanted to discuss this stuff since I saw an article blaming gas prices rising on exports
I’m not against companies selling to foreigners
Just wanted to discuss this stuff since I saw an article blaming gas prices rising on exports
Posted on 4/20/18 at 2:44 pm to HailHailtoMichigan!
OP
Production will increase and prices will go down
Production will increase and prices will go down
Posted on 4/20/18 at 2:53 pm to HailHailtoMichigan!
quote:
A barrel of oil produced in America but consumed abroad by definition cannot benefit the American consumer.
Maybe I'm missing something, but the oil company that sells to a foreign entity is paid for the oil, and some of that is passed to their employees as wages/salaries. That's then used to buy goods and services here in the U.S.
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