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Message
re: My hero Javier Milei releases lengthy statement on tariffs
Posted on 3/7/25 at 12:24 pm to RollTide4547
Posted on 3/7/25 at 12:24 pm to RollTide4547
Ignore them. They hurt their own people.
We have an advanced economy, why do you want to resort to archaic third world practices?
We have an advanced economy, why do you want to resort to archaic third world practices?
2
Posted on 3/7/25 at 12:24 pm to RogerTheShrubber
quote:
n February 2022, Milei publicly praised the digital asset of the video game company Vulcano on social media. According to a description on its website, Vulcano acted as a “multifaceted cryptocurrency” designed for the video gaming sector.
"Vulcano Game NFT Gaming is a very interesting project. It offers a sustainable economic model over time, unlike most others," Milei stated.
However, just weeks after his endorsement, Vulcano's token $VULC lost all its value.
While Milei has good ideas and is generally intelligent, he's not the financial wizard you and other think he is. Dude was pumping NFT's
Posted on 3/7/25 at 12:26 pm to Thib-a-doe Tiger
quote:
he's not the financial wizard you and other think he is.
I would trust him any day of the week over your Mercantilist.
Posted on 3/7/25 at 12:27 pm to RogerTheShrubber
quote:
Ignore them. They hurt their own people.
Hurts our manufacturers as well. Take Harley Davidson. Tarriffs into India are over 100%. So the price of a Harley doubles and no one buys it. Seems that would hurt Harley Davidson too.
quote:
We have an advanced economy, why do you want to resort to archaic third world practices?
To stop them from behaving the way they are. Bust 'em in the chops.
Posted on 3/7/25 at 12:29 pm to RogerTheShrubber
quote:
I see the MAGA folks are not enjoying this thread very much, and are avoiding.
Why are yall pretending there is no consequence to completely free and open trade?
We're living through it right now. Its why 90% of advanced chips are made on one fricking island instead of being made in many places... like intel.
When you're only worried about an economic system being able to freely optimize... yes it works. But we dont live in that world, we live on a globe with prison rules at the nation state level.
This post was edited on 3/7/25 at 12:30 pm
Posted on 3/7/25 at 12:29 pm to RogerTheShrubber
quote:
Youre a victim.
I am? I thought I was being rewarded for your service. Man it was SOOOO hard to afford things like a house in 1955. I mean, 1.5 years salary paid for a 3 bedroom home. Now with your math and understanding, I get it. Now it's will take 10 years of the average salary to pay for the average home. I love learning. And your math helped me understand it. Your logic of raising unemployment and lowering job participation rates was PURE GENIUS. It is so demoralizing that everybody does not see the greatness of your work.
This post was edited on 3/7/25 at 12:35 pm
Posted on 3/7/25 at 12:30 pm to HailHailtoMichigan!
This guy REALLY gets it
Posted on 3/7/25 at 12:31 pm to RogerTheShrubber
quote:
I would trust him any day of the week over your Mercantilist.
Seems like you support Trump then, as Javier reversed course on the Ukrainian/Russian war as soon as Trump took office
Posted on 3/7/25 at 12:31 pm to Chicken
quote:
exactly...why are other nations allowed to place tariffs on our exports and us not be able to reciprocate?
Ask yourself, does more or less trade increase wealth? Answer more
Then ask yourself, do higher or lower taxes increase trade? Answer lower
Posted on 3/7/25 at 12:32 pm to RogerTheShrubber
quote:
We have an advanced economy,
You are so right. Noway we would have ever advanced in tech or anything while we stayed under those damn socialists that ran this nation from 1776 to 1995. Never could we have done both. We were just too ignorant to understand back then Rog. But thank you for helping us seeeeee that light!!! AMEN!!!
This post was edited on 3/7/25 at 12:36 pm
Posted on 3/7/25 at 12:33 pm to RogerTheShrubber
Basic economics understanding for some is hard, I get that. Maybe playing go-fish is better suited for you
Posted on 3/7/25 at 12:33 pm to The Baker
quote:
Its why 90% of advanced chips are made on one fricking island instead of being made in many places... like intel.
Oh Come on Baker! Rog will explain it to you and help save your soul from the damning thought that we could only do one thing at a time!
Posted on 3/7/25 at 12:33 pm to RollTide4547
quote:
Hurts our manufacturers as well
Its helped innovate our industry to compete with lower wages.
We offshore what's not efficient, we produce what it efficient. This isnt just my opinion, this is classic textbook macro 101.
You can argue with those people all you want.
Posted on 3/7/25 at 12:34 pm to The Baker
quote:
Why are yall pretending there is no consequence to completely free and open trade?
There are consequences to everything. Just more to tariffs than free trade.
Posted on 3/7/25 at 12:36 pm to RogerTheShrubber
quote:
International cooperation among governments is not required; the market (meaning the people) will do the rest.
We're seeing this is false. Evidence is in the trade deficit. The market is doing what the market does. And the market dictates that all things being equal, if price point is not, then those with the lower price are at an advantage.
Let's take Canada for example. They have tariffs/VAT on our goods. We announce a 25% retaliatory tariff. Trade with the US amounts to 29% of Canada's entire GDP. Trade with Canada amounts to less than 2% of American GDP. We have the advantage and Canada will absolutely acquiesce because they cannot afford this trade war. We can weather the storm much easier seeing as we have multiple trade partners around the world and we produce similar goods domestically.
So why are you against this tariff with Canada, if they have shown no will up to this point, to reduce their own tariffs on our goods?
Posted on 3/7/25 at 12:37 pm to RogerTheShrubber
quote:
RogerTheShrubber
We've been ignoring bullying us with tarriffs for years and they are still doing the tarriffs. People advised me when I first went into 9th grade to ignore the senior bullying me. I dropped him when he wasn't looking with a 2x4 (he was twice my size). He never said a word to me after I returned from my suspension. Got bullied by others, but not him.
Sounds like you should have won the election if you wanted to control things. Sadly for you, you did not.
Posted on 3/7/25 at 12:37 pm to BugAC
quote:
o why are you against this tariff with Canada, if they have shown no will up to this point, to reduce their own tariffs on our goods?
Because he posed earlier in this thread that poorer countries needed help. He's a globalist.
Posted on 3/7/25 at 12:38 pm to Thib-a-doe Tiger
quote:
Seems like you support Trump then,
Trumps not even in the same century as Milei.
quote:
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.
quote:
Before it fell into decline, mercantilism was dominant in modernized parts of Europe and some areas in Africa from the 16th to the 19th centuries
LINK
quote:
As far as nations were concerned, wealth was defined by how much gold and silver it had on hand. The more gold and silver a nation had, the wealthier it was — and the more powerful it was on the world stage.
Mercantile beliefs (Most are antiquated and wrong)
quote:
The accumulation of gold and silver creates wealth.
There is a fixed amount of wealth in the world.
A positive trade balance must be maintained.
A large population is needed for labor in fields and mills, customers for markets, and soldiers for the military.
Colonies are needed to help provide people, raw materials, and markets.
The government needs to control raw materials, shipping, and markets through regulations.
Posted on 3/7/25 at 12:39 pm to BugAC
quote:
We're seeing this is false.
This is not false. We're far more wealthy than we were in the Mercantilist day.
Way more wealthy.
Posted on 3/7/25 at 12:40 pm to Nosevens
quote:
Basic economics understanding for some is hard, I get that.
Its not. Its just above your cognitive ability to understand
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