"In the long run [a tariff] always reduces real wages, because it reduces efficiency, production and wealth." => https://fee.org/resources/economics-in-one-lesson/#calibre_link-40 …https://twitter.com/businessinsider/status/811933759373246464 …
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So how do you propose we fix the trade imbalance and the loss of jobs to Mexico?
Trade (im)balance is not a measure of economic prosperity. You have a trade imbalance w/ the grocery store. It doesn't harm you.
I highly recommend this book. => https://fee.org/resources/economics-in-one-lesson/#calibre_link-40 … Chapters 11 and 12 are particularly relevant to this discussion.
I'll check it out - but I'm still interested in your solutions. I've supported you in every election, including Michigan House.
I know that and appreciate it. We increase prosperity with lower taxes, fewer regulations, and less government central planning.
After reading the book you recommended - your thoughts on TPP, more free trade agreements and wage controls?
Haven't read TPP. Trade agreements may be good or bad. They should create free markets, not central planning. No wage controls.
My understanding is TPP does move us closer to free trading - something Mexico seems to have over us.
Have you thought about adding an enforcement provision to your BBA? See Cato Policy Analysis No. 487.
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