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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (594200)	2/23/2016 7:54:32 PM
From: grusum	2 Recommendations Recommended By Joe Btfsplk sm1th Respond to of 793759

i agree with you, but i didn't want to put a lot of irons in the fire so i didn't post on it. yes, tariffs are harmful. here's a link to a guy that explains why trade deficits don't matter and along the way shows why tariffs are the most harmful to the imposer. the great walter williams is cited in it. "Walter Williams points out that advocating tariffs is really just a scam on the American public." link: papers.ssrn.com you might want to download the paper instead of just opening it because there's no telling how long it will remain there. truly, there's no good reason to impose a tariff for anything. even retaliation. however, most people will never believe that so we end up with stupid, destructive trade wars.

To: sm1th who wrote (594200)	2/23/2016 9:01:49 PM
From: LindyBill	Read Replies (2) \| Respond to of 793759

I used to be all for no tariffs. The economists are right. Total free enterprise will produce more wealth. The problem is that we can now see it favors the increased wealth going to the upper 50%. The hourly people are getting shafted. So I see a tariff as a way to replace the loss of Gov income that would result from eliminating the taxes and regulations on business that would accompany it. This was Rand Paul's approach. As I said, the stronger dollar that would result from this would still keep the goods coming in cheaper. You can't get something for nothing. ' The present bills for "free trade" are regulatory nightmares that empower the other countries. The practical result of Trump as Pres will be our best bet ot see if works. We are now seeing that some things in economics are still not fully understood.