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

Posted on 3/26/25 at 10:22 am to
Posted by Penrod
Member since Jan 2011
55354 posts
Posted on 3/26/25 at 10:22 am to
quote:

muh washer and dryers

And here’s SDV with his usual non-contribution to an otherwise excellent thread.
Posted by Jjdoc
Cali
Member since Mar 2016
55613 posts
Posted on 3/26/25 at 10:22 am to
quote:

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!


That's exactly right.
Posted by Flats
Member since Jul 2019
28047 posts
Posted on 3/26/25 at 10:24 am to
quote:

We could choose to buy American, and all that that entails, or we can buy cheap. Tariffs take that choice away from consumers.


A point I've made repeatedly. They want Big Government to incentivize them to buy American. And they do so while they bang away on their Chinese keyboard wearing their Chinese shoes and Vietnamese clothes.
Posted by Jjdoc
Cali
Member since Mar 2016
55613 posts
Posted on 3/26/25 at 10:25 am to
quote:

point I've made repeatedly. They want Big Government to incentivize them to buy American


So you are pro open borders too.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298561 posts
Posted on 3/26/25 at 10:27 am to
quote:

They want Big Government to incentivize them to buy American.


Yep. No willpower.

Theyre also too dumb to realize many "Made in the USA" products have foreign components.

Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/26/25 at 10:27 am to
quote:

Are you a Democrat?


Of course they are.

Why else would they be begging the federal government to tax the frick out of them.
Posted by Flats
Member since Jul 2019
28047 posts
Posted on 3/26/25 at 10:28 am to
quote:

So you are pro open borders too.



You could just address the point I made, but a hit dog hollers. Most people just like the idea of paying more for American goods. When they pull out their wallet it's price, price, price.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298561 posts
Posted on 3/26/25 at 10:28 am to
quote:

. PROTECTING American jobs!


That's exactly right.


Youre not protecting jobs. Youre protecting BigCorp interest, and only a select group of corporations.

Tariffs crush the little guy, not the big guy
Posted by Penrod
Member since Jan 2011
55354 posts
Posted on 3/26/25 at 10:31 am to
You are wasting your time with SDV. No matter how many examples, or how much math, you give him he will continue to claim…
1. You’ve given him none
2. You are a clown
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/26/25 at 10:33 am to
quote:

You are wasting your time with SDV.


Oh, I know. That's why i just put him into the copy/paste loop.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97836 posts
Posted on 3/26/25 at 10:38 am to
No pinhead thats me being right that the only example that would be used is washers and dryers

There is still not 1 example of daily used goods increase causing housing expenses to go up wrecking the common man

Not 1. Just excuses and questions to questions which proves you far leftards cannot answer

Its amazing

Posted by Taxing Authority
Houston
Member since Feb 2010
63267 posts
Posted on 3/26/25 at 10:42 am to
quote:

The anti tariff crowd is laughable in their inability to be capable of seemingly anything but "all tariffs are bad all of the time".
Tariffs can make sense when:
- you have a weak currency
- a trading partner with tons of demand for your exports, and ability to pay in a stronger currency
- you an excess supply of inexpensive labor
- an excess supply of manufacturing capacity
- a stable regulatory environment to allow long term capex investments
- inability to access transportation and long distance communication
- a government that has little to no debt and is only a small portion to GDP.

But literally none of that applies to the US at this time.
Posted by Taxing Authority
Houston
Member since Feb 2010
63267 posts
Posted on 3/26/25 at 10:49 am to
quote:

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!
Nah. If you’re crating all this domestic industry you are going to need a supply of inexpensive labor. US workers aren’t inexpensive. Where do you think the workers are going to come from?

We closing in on structural minimum unemployment levels. Trying to hire skilled and semi-skilled workers has been a nightmare for years. Birthrates are well below replacement levels.

All of that indicates you need more
immigration if you want tariffs to “work”. Otherwise you’re going to be stuck with massive price inflation in the labor markets, which will directly lead to inflation in virtually all goods and services.

I thought y’all liked low inflation?
This post was edited on 3/26/25 at 10:50 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97836 posts
Posted on 3/26/25 at 10:56 am to
Not one single number jimust more rant
Posted by Penrod
Member since Jan 2011
55354 posts
Posted on 3/26/25 at 11:16 am to
quote:

There is still not 1 example of daily used goods increase causing housing expenses to go up

I thought you said…
quote:

the only example that would be used is washers and dryers

So you mean two?
Obviously the price of things go up when tariffs are placed on them. That is proved by almost every example ever. The question is whether they stay up or whether the eventual adjustment, that comes as domestic supply increases, eliminates all of the previous gain or just some.

But even if prices stay a little higher the question is: is it worth it? Tariffs are counterproductive if the only reason for them is to increase GDP. But they can be great tools to protect critical industries (an important consideration right now with China taking over critical supply chains) and they can, and in my opinion should, be used to protect the American working class from constant cheap competition from an almost infinite supply of foreigners emerging from poverty.

You want another example, though?

quote:

Winston has studied the impact of one of Reagan's first trade tactics against Japan -- a quota imposed in 1981 on the number of Japanese cars that could come into the U.S. every year. It was meant to give American car companies like Ford (F), GM (GM)and Chrysler (FCAU) some breathing room from foreign competitors like Toyota and Nissan. It came at a time when the U.S. economy was in recession in the early 1980s, unemployment was rising towards 10% and inflation was high. U.S. companies were looking for any help they could get. One result of the new trade restrictions against Japan was that American car companies hiked up car prices, pulling in record profits at the time, Winston found. They didn't have to fear losing customers to Japanese car companies. U.S. car makers also lowered production in 1984 to help boost car prices. Less production meant fewer workers: America lost over 60,000 auto jobs between 1982 and 1984 due to the trade restrictions, according to Brookings. Consumers got hit hard. The average car price rose by about $1,000 at the time.


Reagan’s restraints were necessary, and imo good policy. But they definitely led to somewhat higher prices in the short term.

Posted by Jjdoc
Cali
Member since Mar 2016
55613 posts
Posted on 3/26/25 at 11:47 am to
quote:

You could just address the point I made,


I did. You just can't see it. And this is the issue with a few of you.
Posted by Jjdoc
Cali
Member since Mar 2016
55613 posts
Posted on 3/26/25 at 11:56 am to
quote:

Nah. If you’re crating all this domestic industry you are going to need a supply of inexpensive labor. US workers aren’t inexpensive. Where do you think the workers are going to come from?


So you disagree with Sowell here. He pointed out that you have to control the borders and immigration to allow Americans to fill the void.

That sir is protectionism. This either or only is why you guys can not reconcile your positions.

You absolutely missed the point in this:

quote:

of that indicates you need more
immigration if you want tariffs to “work


This isn't about how to make tariffs work. It's about government "interference " in the economy. Via immigration policies.

One you want, the other you don't.
Posted by Jjdoc
Cali
Member since Mar 2016
55613 posts
Posted on 3/26/25 at 12:02 pm to
quote:

Reagan’s restraints were necessary, and imo good policy. But they definitely led to somewhat higher prices in the short term.


Winston is not complete in his thoughts.


Tell me what happened over all from then to now? That's the only measurement that matters.

There is a link in the first 3 pages on this very topic. It explains it in more than just a few years.

Posted by Hayekian serf
GA
Member since Dec 2020
4191 posts
Posted on 3/26/25 at 12:04 pm to
quote:

Libertarian Economists often quoted here. Some of which praise, with enthusiasm, carbon taxes.


Stopped reading after this line.

And none of the economists libertarians praise support carbon taxes, or taxes in general.
Posted by Hitman67
Lumberton, TX
Member since Jul 2024
293 posts
Posted on 3/26/25 at 12:06 pm to
Another pretty good reason would be that we found out during Ukraine war that we can't produce weapons anywhere near as fast as Russia can because we have hollowed out all our manufacturing. As it is now, if we were ever attacked by China, we wouldn't be able to order what we need from China. We are in a pickle and we can't do things the way we are currently doing them. We have to onshore more manufacturing and this is a great way to get that done as quickly as possible. If it does end up hurting the little guy, perhaps tax cuts and even raising the requirements for paying income taxes are the plan for that.
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