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Why does this simple truth get lost on so many people (such as jd Vance?)
Posted on 7/17/26 at 7:25 pm
Posted on 7/17/26 at 7:25 pm
This post was edited on 7/17/26 at 7:29 pm
14
Posted on 7/17/26 at 7:33 pm to HailHailtoMichigan!
1. Today’s markets and trade is not that simple.
2. It’s possible for those that trade to benefit even when their country does not.
3. The welfare of a country does not always align with the interest of those trading in a market. Tariffs can serve to protect critical domestic industry.
2. It’s possible for those that trade to benefit even when their country does not.
3. The welfare of a country does not always align with the interest of those trading in a market. Tariffs can serve to protect critical domestic industry.
This post was edited on 7/17/26 at 7:36 pm
Posted on 7/17/26 at 7:36 pm to LSU2a
quote:
2. It’s possible for those that trade to benefit even when their country does not.
So “the country” takes precedent over individual decisions/freedom?
Posted on 7/17/26 at 7:40 pm to LSU2a
quote:
Today’s markets and trade is not that simple.
Incorrect.
Economic transactions in a market *only* take place if both individuals believe that they are better off exchanging.
You do not buy an apple at the market unless you value the Apple more than the money it costs
Posted on 7/17/26 at 7:42 pm to HailHailtoMichigan!
quote:
So “the country” takes precedent over individual decisions/freedom?
I think he’s saying that you can’t superimpose what’s good for a country on to what’s good for an individual and have a perfect match. And without a viable country as a strong trading platform, the individual would lose in any case.
Posted on 7/17/26 at 7:44 pm to HailHailtoMichigan!
A neverending debate on this board happens with respect to China. SFP and Roger tend to say we have a healthy relationship where both sides benefit. The tariff brigade says China is cheating this system by benefiting from slave labor, so we need tariffs to "level the playing field," whatever that means.
Posted on 7/17/26 at 7:45 pm to Bunk Moreland
quote:
so we need tariffs
China has never not had tariffs on American goods coming in.
Posted on 7/17/26 at 7:46 pm to HailHailtoMichigan!
MAGA really does not believe this, especially when it comes to free trade.
Posted on 7/17/26 at 7:48 pm to Bunk Moreland
quote:
China is cheating this system by benefiting from slave labor, so we need tariffs to "level the playing field," whatever that means.
Do you think cost to land any given product doesn't matter? Why are we beholden to a foreign trade partner for critical goods like energy and pharmaceuticals?
Posted on 7/17/26 at 7:50 pm to kilo
quote:
Why are we beholden to a foreign trade partner for critical goods like energy and pharmaceuticals?
Beholden is dishonest framing.
Posted on 7/17/26 at 7:59 pm to HailHailtoMichigan!
I must have missed something.
What happened that led you to believe that simple truth is lost on JD Vance?
What happened that led you to believe that simple truth is lost on JD Vance?
Posted on 7/17/26 at 8:00 pm to SlowFlowPro
quote:
Beholden is dishonest framing.
Frame it "honestly"
Posted on 7/17/26 at 8:02 pm to HailHailtoMichigan!
Key words are “free market.”
Posted on 7/17/26 at 8:03 pm to HailHailtoMichigan!
Many markets are not free markets
Posted on 7/17/26 at 8:04 pm to SlowFlowPro
quote:
Beholden is dishonest framing.
It probably is until you come to a point where it isn’t.
Posted on 7/17/26 at 8:11 pm to SlowFlowPro
quote:
Beholden is dishonest framing.
sez the champion of dishonest framing ….
Posted on 7/17/26 at 8:22 pm to SlowFlowPro
quote:
Beholden is dishonest framing.
The covid era clearly revealed how truly vile China is. We should disengage from them and treat them like the adversary they are.
This post was edited on 7/17/26 at 8:23 pm
Posted on 7/17/26 at 8:30 pm to HailHailtoMichigan!
That quote is utterly false.
Posted on 7/17/26 at 8:34 pm to HailHailtoMichigan!
quote:
You do not buy an apple at the market unless you value the Apple more than the money it costs
This is where currency can lag or jump. The value is in the eye of the buyer/seller/trader.
Posted on 7/17/26 at 8:42 pm to KiwiHead
quote:
MAGA really does not believe this, especially when it comes to free trade.
You are unqualified to comment on the thoughts of MAGA.
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