re: Tariffs. What libertarian Economists don't grasp and more.

Provide 1 example. Nothing in that wall of stupid provides an example

Why are you refusing and embarrsing yourself?

You really are a mentally ill goofball

Its the best you are admitting you are to stupid to be able to answer yourself

in your illustration of washing machine prices, 21% of that price increase was inflation, NOT because of tariffs.

So while duties were anywhere from 20-50% the consumer was only impacted by a nominal increase......where did the rest of the cost of duties go?

Here in the Caribbean I have spent decades exporting across the Caribbean, NAmerica, and the myriad of duties, VAT, replacement cost tax, etc.

You start at the price point you think the product will sell at to the consumer, then take out retailer margin, then all taxes and duties. Then what is left you figure out with you local distributor what margin he can live with and what you can, after removing freight, inland freight, and "handling" fees.

Given the products we are exporting, the pricing is very elastic (sensitive) and we must be sensitive to that. The end result to the consumer is far less than the duty itself, and less margin for my wholesaler and myself, but if you want in that market, you take it.

For exporters in the US this leads to diverters, I call them modern day pirates and they laugh

You cant answer for yourself

Yeah we understand you cant answer for yourself and that post provided nothing that shows the evil tariffs have caused any daily used good to increase in price


If you want to provide an example BuckIron we are open to a discussion

Since you refuse to do so we accept your defeat

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Damn. What does immigration have to do with tariffs?

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It's actually in the OP. BTW.. you are arguing against an economist. The op is backed by a conservative economist.

Contrast economists’ disdain for tariffs with their enthusiasm for carbon taxes.


You are screaming over tariffs, yet fail to see immigration. Economy is economy. Immigration is part of the economy.

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But somehow you are using it to undermine the credibility of Sowell, and by extension, his position on everything that doesn’t fit whatever narrative you’re trying to sell. It’s intellectually dishonest, and honestly smacks of a woman with BPD.

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I don't think that's what he stated at all. In fact he said that Sowell has some great insight, but he isn't consistent. Sowell is a what? An economist. What does an economist do?

Economists study and research how societies use resources and make decisions about production, consumption, and distribution of goods and services, analyzing economic phenomena at various levels, from individual choices to global markets.

It's why Sowell had an opinion on immigration to the point he addressed what Ryan said (just looked it up... thanks JJ).

He went after Ryan (R-WI) for his statement that America needs immigration reform to avoid a “worker shortage.” Ryan was trying to explain that allowing more workers to come in the future would allow the economy to grow. He incorrectly used the word “shortage, which has a specific meaning in economics.

In the process he stated this:

After dinging Ryan for his word choice, Sowell went on to explain that if American farmers don’t have enough workers, they will just raise their wages to attract Americans into the profession:

“I mean —first of all to an economist, it is incredible to speak about shortages without talking about prices, in this case wages…You know there, there have been so many predictions of shortages of so many occupations and the shortages don’t materialize. And why not? Because if there is a shortage, the wage rate goes up. That attracts in more people and lo and behold, the jobs are filled.”

“The other main thing though is that if we don’t control the borders, we don’t have an immigration policy because regardless of what policy you put on paper, if people can just walk across the border when they darn well please, then your policy means nothing.


That is inconsistent with his stance on tariffs. For the reasons he believes the federal gov should step up on immigration and control the borders, and I agree with him, is not consistent with tariffs. Understand?

Let me word it differently. Per free traders, we should do what ever we can to lower the prices to consumers here. Therefore tariffs are not ideal. Well, controlling the border is the same thing. If we allow cheap labor to come in, then prices drop to consumers. So why have immigration? All you are doing is... PROTECTING American jobs!

Thank you for admitting defeat

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in your illustration of washing machine prices, 21% of that price increase was inflation, NOT because of tariffs.

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Yep. And it's addressed in a link earlier. LINK

LINK

Thank you for taking the L BuckIron

First honest thing you have done on this site