Free Trade is great! It allows countries to specialize in their strengths. For example, the United States has huge tracts of land suitable for growing corn, but very limited area suitable for growing coffee and coconuts. It makes sense for the United States to export corn to tropical countries in return for coffee and coconuts.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
I know there're are others (I should memorize them to help bring my lolbert friends back to sanity), but if you had to choose a "killshot flaw", which flaw would it be?
If I'm talking to those concerned about national security, the one you mentioned. If I'm talking to economic think tankers and those who heed them, the killshot is the one featured in this article.
The Republican Party's biggest weakness is with the college educated. A major part of my mission is to provide the tools to get the college educated -- including the country club conservatives -- to adjust their Narrative to understand why we have a populist uprising going on.
EVERY business major in this country has been taught the doctrine of Comparative Advantage. We fight not against politicians, but against textbooks.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
This is interesting. I don't recall ever seeing this aspect of trade policy discussed. I've seen discussion of tariffs based on the imbalances created by different (or non-existent) environmental, consumer, worker safety laws between countries described as Fair Trade, but not the effect of the domestic tax policies on balance of trade.
Could this be partially fixed by adding borrowed money and deducting savings from the income tax? Taxing gross capital sales instead of capital gains?
No.
The fatal flaw in free-traders reasoning is it assumes and requires ETERNALLY NON-HOSTILE TRADING PARTNERS.
Autarky is the answer.
That's an additional flaw.
I know there're are others (I should memorize them to help bring my lolbert friends back to sanity), but if you had to choose a "killshot flaw", which flaw would it be?
If I'm talking to those concerned about national security, the one you mentioned. If I'm talking to economic think tankers and those who heed them, the killshot is the one featured in this article.
The Republican Party's biggest weakness is with the college educated. A major part of my mission is to provide the tools to get the college educated -- including the country club conservatives -- to adjust their Narrative to understand why we have a populist uprising going on.
EVERY business major in this country has been taught the doctrine of Comparative Advantage. We fight not against politicians, but against textbooks.
Probably better to get to the textbook writers...
The fatal flaw in free-traders reasoning is it assumes and requires ETERNALLY NON-HOSTILE TRADING PARTNERS.
More reasons to repeal the 16th and 17th amendments.