RE: How Fucked Up Are Trumptards?
August 9, 2018 at 1:31 pm
(This post was last modified: August 9, 2018 at 1:37 pm by Anomalocaris.)
(August 9, 2018 at 1:00 pm)alpha male Wrote:(August 9, 2018 at 12:54 pm)Jörmungandr Wrote: Whatever. We don't even talk the same language. Regardless, tariffs aren't going to accomplish fuckall other than to further alienate our allies and demonstrate the emptiness of Trump's policies.
Why didn't anyone complain about other countries' tariffs on US goods before Trump started his?
Seems like Trump Derangement Syndrome.
Because:
1. it is better to export low value added activity abroad than to keep it at home, and if foreign tariffs accelerate that so much the better?
2. Tariffs always distort allocation of domestic resources by shifting available investment and labor from efficient and competitive industrial sectors that should be kept and expanded to inefficient and uncompetitive industries that should be jettisoned. If a foreign nation is willing to abuse its own resource allocation, who are we to complain?
The economy overall is not always worse off if a sector is losing rather than winning. You can only win overall for yourself by not fighting battles with others that’s not worth winning. With trump we instead devote our resources to winning battles that we are better off losing or not fighting.
Clear?
