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Why Politicians Ignore Economists' Opposition to Tariffs--FEE
Posted on 3/24/19 at 12:26 pm
Posted on 3/24/19 at 12:26 pm
A good read. LINK
quote:
There are two primary reasons for economists’ opposition to tariffs. First, by raising US prices of imports, tariffs encourage high-cost domestic production of import substitutes. This production would be uneconomic in the tariffs’ absence. Cost measures what people sacrifice to obtain a particular objective, so substituting higher cost domestic production for lower cost imports means more of other things are given up to get those items. Giving up more means having less, which is another way of saying overall living standards are lower!
This post was edited on 3/24/19 at 12:29 pm
14
Posted on 3/24/19 at 12:28 pm to I B Freeman
No thanks. We already know. Orange man bad.
Posted on 3/24/19 at 12:31 pm to I B Freeman
Are you paid by China?
This post was edited on 3/24/19 at 12:32 pm
Posted on 3/24/19 at 12:32 pm to I B Freeman
IB/DR
Chinese loving pos
Chinese loving pos
Posted on 3/24/19 at 12:33 pm to I B Freeman
GET HELP SOON
Posted on 3/24/19 at 12:35 pm to I B Freeman
REEEEEE
Posted on 3/24/19 at 12:36 pm to HailHailtoMichigan!
No I am paid by red blooded American people who work for what they have and should be protected from special interest and short sighted politicians that would take more from them to reward their buddies.
Why do you want to hurt Americans so bad with tariffs?
Only in the twisted mind of Trumpsters at TD is it bad to oppose government taxes and tariffs that raise cost.
Why do you want to hurt Americans so bad with tariffs?
Only in the twisted mind of Trumpsters at TD is it bad to oppose government taxes and tariffs that raise cost.
This post was edited on 3/24/19 at 12:37 pm
Posted on 3/24/19 at 12:43 pm to I B Freeman
look at you, all nice and content back in your safe space talking tariffs again 
Posted on 3/24/19 at 12:56 pm to I B Freeman
quote:
Why Politicians Ignore Economists' Opposition to Tariffs--FEE
The CoC cucks have been working overtime lately.
Posted on 3/24/19 at 12:57 pm to I B Freeman
Is this something you think you haven't posted before?
This post was edited on 3/24/19 at 12:58 pm
Posted on 3/24/19 at 12:58 pm to I B Freeman
The collusion fairy tale falling apart really has you upset, huh?
Posted on 3/24/19 at 1:01 pm to I B Freeman
quote:
First, by raising US prices of imports, tariffs encourage high-cost domestic production of import substitutes. This production would be uneconomic in the tariffs’ absence.
Wrong. Tariffs that balance out prices against cheap imports increase domestic production (ie: jobs and GDP go up) and thus creates more competition as the consumer's focus then goes more toward quality than price.
And what happens to price when there's more competition?
This post was edited on 3/24/19 at 1:02 pm
Posted on 3/24/19 at 1:06 pm to I B Freeman
quote:
There are two primary reasons for economists’ opposition to tariffs.
From the article about the author
quote:
T. Norman Van Cott, professor of economics, received his Ph.D. from the University of Washington in 1969. Before joining Ball State in 1977, he taught at University of New Mexico (1968-1972) and West Georgia College (1972-1977). He was the department chairperson from 1985 to 1999. His fields of interest include microeconomic theory, public finance, and international economics. Van Cott's current research is the economics of constitutions.
This dude is a PHD professor. What is his real world experience outside of the classroom?
As a non-traditional student who has studied economics, most economics teachers are goofy as hell, foreign, or do not like Trump.
To each their own, but economists should be praising tDonald for what he has done for our economy that keeps defying economic principles.
Posted on 3/24/19 at 1:08 pm to thebigmuffaletta
No. I never believed there was collusion and firmly believe HRC did in fact colluded for profits with the Russians when she was Secretary of State.
Posted on 3/24/19 at 1:09 pm to goatmilker
No I have not posted this before.
Posted on 3/24/19 at 1:12 pm to I B Freeman
I’m convinced that you jerk off while reading articles about tariffs, it’s clearly some strange fetish for you.
Posted on 3/24/19 at 1:13 pm to I B Freeman
frick off.
Posted on 3/24/19 at 1:13 pm to Bard
Wrong Wrong Wrong.
How does taking competitors out of the market place reduce prices?
What is wrong with "cheap" imports? Do you want to tariff coffee because it cheaper from Columbia than from Hawaii? How would that help prices??
Do you want to stop Japanese imports? English imports? or any other country?
Using your logic do you think it would be best if there were no imports at all? or do you simply want the politically powerful of the day to decide what should be imported and what should not??
Your logic fails in every regard.
How does taking competitors out of the market place reduce prices?
What is wrong with "cheap" imports? Do you want to tariff coffee because it cheaper from Columbia than from Hawaii? How would that help prices??
Do you want to stop Japanese imports? English imports? or any other country?
Using your logic do you think it would be best if there were no imports at all? or do you simply want the politically powerful of the day to decide what should be imported and what should not??
Your logic fails in every regard.
Posted on 3/24/19 at 1:15 pm to momentoftruth87
quote:
This dude is a PHD professor. What is his real world experience outside of the classroom?
It is interesting how very few wealthy economist there are, almost non-existent.
Posted on 3/24/19 at 1:35 pm to I B Freeman
So tariffs still upset you . I look forward to your weekly update next week on how tariffs are bad and make you cry .
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