Tariffs are a negotiating tool. Asset forfeiture sounds bad but I’m not informed on the topic.
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Replying to @ScottAdamsSays
But the Tariffs actually are carried out & products Americans buy are going up because of this, in an environment where central bank policy has been harming the little guy & enriching the crony class. Asset forfeiture is government behaving as a criminal in the worst way.
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What you're missing is the ratios. Its one unit of benefit to the crony industry being helped and 1000 units of harm to every one who consumes goods and all of the industries being hurt. It is the epitome of crony gov. which the founding fathers hated.
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Why don't you be more specific? What time period are you referring to? What are the comparative quantification's of what you are referring to? Protectionism DOESN'T protect anything. It is 1 unit of benefit for 1000 units of negativity. Why do you think economists hate it?
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Replying to @MusicalKasparov @BGombay
Economists hate trade wars. But no one hates using the threat of a trade war as a negotiating tool.
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Replying to @ScottAdamsSays @BGombay
Take steel for instance. (there isn't really steel dumping going on btw) If there is steel "dumping" then the USA benefits as all consumers get their products for cheaper. All businesses who purchase steel benefit. Tariffs provide 1 unit of relief versus 1000 units of damage.
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Replying to @MusicalKasparov @BGombay
That has nothing to do with my point, but noted.
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Replying to @ScottAdamsSays @BGombay
I hope my later answers did a better job of addressing your point. The idea is that what "negotiating" that is going on, is a net negative and we would be better off without it.
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Would we negotiate better without any leverage? You have to be willing to walk away from a bad deal, even if doing so is painful.
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Replying to @ScottAdamsSays @BGombay
The problem is not one of better negotiation. Its that gov. Spends too much, taxes & regulates too much. Fix those 3 then the US could compete & come out ahead. None of that is happening & a dollar crisis is unavoidable.
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