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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (594121)2/23/2016 7:28:35 PM
From: sm1th  Read Replies (2) of 793759
 
We obviously need an tariff on manufactured goods

I don't see that as obvious at all. It seems to imply some big assumptions about the composition of our economy. Go back to Adam Smith and comparative advantage. What are things, where without tariffs, we have a competitive advantage? If there are enough to provide jobs for American workers and support the economy, then we should be the world's biggest champion of free trade. If not than appropriate tariffs are a tool to shift the advantage. Certainly not the only tool, and perhaps not the best.

No, I do not have the answer to that question, but I do know that the best answer going forward is a very different mix of jobs and products and services produced than it was 50 years ago. The important question is what set of policies maximizes our competitive advantage across the whole society, not just a few politically favored groups.

Are any politicians even thinking about the problem in this way?
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