re: Stocks crater as nations vow to retaliate against Trump's tariffs.

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It's you who changed

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No. I certainly have not. You may think it's ok for other countries to impose tariffs on our goods while we bend over and take it up the arse, for whatever reason, but that's anything but libertarian.

Free trade/capitalism is predicated on a fair exchange, mutually beneficial to both parties.

Right now we are in a myriad of trade deals that only benefit one side....and that side isn't the United States. Trump is pushing back on that.

It's not fricking hard to comprehend.

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I have my 401k and it has good returns and that’s all that matters. When the market goes down my returns go down.

You saying “BUY” doesn’t mean shite to 99% of America

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For people who are working, they should be making regular contributions to their 401K by automatic paycheck withdrawals. When you do that, you buy MORE shares when the market is down. It's actually a good thing when you are in the 'accumulation phase'.

Not so good for retired folk like me, but not too bad. I can decide to re-balance some of the fixed side to to stocks when I feel the time is right. So long term is still what matters.

I like the fact you refused to address any of the points I brought up in my post.

The only thing I can figure why you've done a complete 180 on here since Trump was elected is that your job is somehow tied to taxpayer funding, so you've just thrown all your principles out the window to fight for taxpayers to continue to fund your life.

Very....progressive.

They're objectively wrong, trying to save your self esteem


Free trade can still be unilateral and beneficial to our side.

Let me ask you this. Do you actually believe that trade deficit automatically are tied to the fiscal defici

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I've answered the same retarded questions 20 times just this week. Not my fault you're illiterate

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Sure you have. Still waiting on that link. We all know you can’t provide it. You got caught lying again.

Sounds like a great opportunity to buy.

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No. I certainly have not. You may think it's ok for other countries to impose tariffs on our goods while we bend over and take it up the arse, for whatever reason, but that's anything but libertarian.

Free trade/capitalism is predicated on a fair exchange, mutually beneficial to both parties.

Right now we are in a myriad of trade deals that only benefit one side....and that side isn't the United States. Trump is pushing back on that.

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What libertarian economists argued this prior to 2016?

Not Milton Friedman or Thomas Sowell.

Certainly not Hayek.

Here is the Mises Institute directly on Trump's tariffs

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One would have thought that out of all people, President Trump—who prides himself on placing America first—would never consider imposing tariffs. After all, a tariff on any imported good implies curtailing the supply of less costly goods and encouraging the supply in a domestic market of more costly, domestically-produced goods (i.e., punishing the domestic consumers: the Americans). In his Economics in One Lesson, Henry Hazlitt quotes Adam Smith,

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It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy. The tailor does not attempt to make his own shoes, but buys them of the shoemaker. The shoemaker does not attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different artificers. All of them find it their interest to employ their whole industry in a way in which they have some advantage over their neighbors, and to purchase with a part of its produce, or what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

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Also, on this Rothbard wrote in the Power and Market, “Tariffs injure the consumers within the ‘protected’ area, who are prevented from purchasing from more efficient competitors at a lower price.” Furthermore, by raising a protection wall to various inefficient domestic industries, Trump’s policies are going to promote inefficiency, thereby undermining the process of wealth generation. In “The Menace of Tariffs,” Llewellyn H. Rockwell, Jr. made the following comments,

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Trump said in his interview that high tariffs will encourage foreign firms to relocate to the United States, so that they can avoid paying the tariffs. What this argument ignores is that there is no benefit to American consumers in having firms located here rather than in foreign countries. What matters to consumers is getting the lowest price for the goods and services they want; and if the firm that offers the lowest price is in China rather than America, so what?

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The tarriffs alone are not the whole issue

It’s was the “new math” used to create the tarriffs rates.

That surprised the markets

For those who support the tariffs, is it because:

(a) we are getting shafted with other countries' tariffs, you believe in free trade, and our tariffs are a means to negotiate down other tariffs;

OR

(b) tariffs will cause reshoring of manufacturing, which in the longer term will stimulate economic activity and manufacturing job growth, and make us more secure;

OR

(c) not sure, but I trust the President.