tag:blogger.com,1999:blog-3758330678390419129.post2845194458837728062..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Trump Slams FordRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-3758330678390419129.post-32305118195106294192016-09-16T15:34:09.438-04:002016-09-16T15:34:09.438-04:00I never argued against free trade.
I never said F...I never argued against free trade.<br /><br />I never said Ford shouldn't move to Mexico.<br /><br />If you scroll up, you'll see that I'm objecting to using a term in a way that I think renders the term uselessBen Kennedyhttps://www.blogger.com/profile/02993765107497016319noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39805001451915016002016-09-16T13:14:52.848-04:002016-09-16T13:14:52.848-04:00Mrs K,
That is not the main driver, K. Comparativ...Mrs K,<br /><br />That is not the main driver, K. Comparative Advantage means it would still make economic sense to have certain goods manufactured somewhere else. Things are not as simple as you think.OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13584644826560183082016-09-16T13:12:13.438-04:002016-09-16T13:12:13.438-04:00Re: Ben Kennedy,
--- If comparative advantage mea...Re: Ben Kennedy,<br /><br />--- If comparative advantage means only "it is cheaper to do elsewhere", then it is a pointless concept. ---<br /><br />It is related to productivity and opportunity cost. The reason why YOU don't have to make your own gawdamned shirts from scratch is comparative advantage.<br /><br />No matter how much you try, Bob, your arguments against free trade are OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47060568799408581642016-09-16T09:12:57.846-04:002016-09-16T09:12:57.846-04:00If comparative advantage means only "it is ch...If comparative advantage means only "it is cheaper to do elsewhere", then it is a pointless concept. Suppose country B mandated slave labor to be used in manufacturing, allowing produces like Ford to manufacture cars for even less money than in Mexico. So what? You could say that there is comparative advantage in "being willing to enslave people". But this stretches the Ben Kennedyhttps://www.blogger.com/profile/02993765107497016319noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60060645057107105302016-09-16T07:10:44.379-04:002016-09-16T07:10:44.379-04:00are you saying you think Trump has a natural abili...are you saying you think Trump has a natural ability to magically digest Gorman, demand curves and Ricardo? That is gut instinct will work similarly while in office? <br /><br />From wikipedia on Gorman: "This means that we can calculate an income-consumption curve of an entire society just by summing the curves of the consumers. "<br /><br />uh, no you can't.Anonymoushttps://www.blogger.com/profile/16807090975131842483noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24800883838606440292016-09-16T07:00:18.510-04:002016-09-16T07:00:18.510-04:00@Ben,
so when are you going to start your own auto...@Ben,<br />so when are you going to start your own automobile manufacturing facility since you clearly think your better at maximizing profit than Ford? Although... they have been doing this since 1903, so I have my doubtsAnonymoushttps://www.blogger.com/profile/16807090975131842483noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15141490056896311642016-09-16T03:34:49.620-04:002016-09-16T03:34:49.620-04:00Actually, Robert, it is YOU who does not understan...Actually, Robert, it is YOU who does not understand Comparative Advantage (this isn't to say Trump does either, but his gut instinct is right in this case).<br /><br />Comparative Advantage doesn't add up when demand curves are not stackable, as proved in 1953 by Gorman.<br /><br />Are you actually going to get current on economic thought or stay stuck in Ricardo's highly flawed, Shimshonhttps://www.blogger.com/profile/04158609487960587917noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67192012470129322322016-09-15T23:11:14.306-04:002016-09-15T23:11:14.306-04:00Mexican workers choosing to work for less than our...Mexican workers choosing to work for less than our gov. mandated wage? In Michigan, that would be $8.50/hr. If that is the case, wouldn't this be exactly what I mentioned in a previous post about comparative advantage in that it is artificially created in some cases either by government or in this case, I assume, unions. I'm sure there are people in the US willing to work these jobs with Robhttps://www.blogger.com/profile/10823524269755609270noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21260400637879185562016-09-15T22:26:11.306-04:002016-09-15T22:26:11.306-04:00 Until the tax policy and regulatory hurdles insid... Until the tax policy and regulatory hurdles inside the United States are radically changed, manufacturing will continue to move overseas. RDF2https://www.blogger.com/profile/14340534647561133098noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14800476203008300872016-09-15T22:25:02.697-04:002016-09-15T22:25:02.697-04:00Tax policy and regulations make it more profitable...Tax policy and regulations make it more profitable to manufacture in Mexico. RDF2https://www.blogger.com/profile/14340534647561133098noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81044500844176814662016-09-15T22:23:50.704-04:002016-09-15T22:23:50.704-04:00Me too. Despite his many faults, he is exposing th...Me too. Despite his many faults, he is exposing the rot at the core of the DC/Wall St nexus!RDF2https://www.blogger.com/profile/14340534647561133098noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27373898054842381532016-09-15T21:12:45.682-04:002016-09-15T21:12:45.682-04:00Re: Ben Kennedy,
--- I don't think comparativ...Re: Ben Kennedy,<br /><br />--- I don't think comparative advantage is the issue. ---<br /><br />It is always the issue. The Law of Comparative Advantage is as unbreakable as the Law of Gravity.<br /><br />--- There is nothing inherent about Mexico that somehow makes it more efficient to assemble cars there ---<br /><br />Clearly, Ford DOESN'T think like you do, and it is their money (andOldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12063240911080329492016-09-15T20:15:51.547-04:002016-09-15T20:15:51.547-04:00In an iron-fisted oligarchy redress against monopo...In an iron-fisted oligarchy redress against monopolies and comparative advantage is a myth. Either RW is a fool to keep towing this line or he benefits like everyone in the circle.Shegottawideloadhttps://www.blogger.com/profile/16752677440246325222noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61402582449500417452016-09-15T19:41:04.642-04:002016-09-15T19:41:04.642-04:00Correct me if I'm wrong but Ford was the only ...Correct me if I'm wrong but Ford was the only of the big three auto makers that didn't take the auto bailout in 2008 right? Perhaps Trump would attack the UAW or the minimum wage as typically unions (which he has expressed his love for in the past) are apart of the reason these manufacturing jobs leave. NY Cynichttps://www.blogger.com/profile/05131625126863049626noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86532994540263313242016-09-15T18:55:08.755-04:002016-09-15T18:55:08.755-04:00Not to worry! Trump will tell us! Or we'll be ...Not to worry! Trump will tell us! Or we'll be fired!Brutushttps://www.blogger.com/profile/06885083535036422093noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54860224616453667912016-09-15T17:03:25.963-04:002016-09-15T17:03:25.963-04:00So long as third world countries remain poor, poor...So long as third world countries remain poor, poor workers are going to lower wages around the world. Poor countries remain poor because they do not have secure property rights which includes enforcement of long term contracts. <br /><br />Further, how many cars and at what price should be built? Thanks to the Fed, we have no idea. Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1587864486769579002016-09-15T17:00:51.195-04:002016-09-15T17:00:51.195-04:00The U.S. doesn't need no stinkin manufacturing...<br />The U.S. doesn't need no stinkin manufacturing base.<br />Americans can all become bloggers or immigration resettlement counselors. <br />Prosperity !<br />Liberty !FormerLibertarianhttps://www.blogger.com/profile/11386538794443236034noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76193920106909905082016-09-15T16:32:48.737-04:002016-09-15T16:32:48.737-04:00I don't think comparative advantage is the iss...I don't think comparative advantage is the issue. There is nothing inherent about Mexico that somehow makes it more efficient to assemble cars there, as opposed to something like growing bananas in Honduras rather than Pennsylvania. The workers are simply willing to work for less money because they are used to a lower standard of living. I don't think Ricardo was thinking about this Ben Kennedyhttps://www.blogger.com/profile/02993765107497016319noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46339352696827168342016-09-15T16:06:08.235-04:002016-09-15T16:06:08.235-04:00Mr Chris Whalen predicted a shift to protectionism...Mr Chris Whalen predicted a shift to protectionism and away from "free trade" in a speech at the Mises Circle in 2010. Never thought it would be Trump leading the way!Brandonhttps://www.blogger.com/profile/07378113291556288458noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4993906875295695392016-09-15T15:45:27.567-04:002016-09-15T15:45:27.567-04:00Trump slams the Fed:
"If it was a choice be...Trump slams the Fed: <br /><br />"If it was a choice between the right decision and a political decision... The Fed would choose the political decision"<br /> <br />"The Fed has become very political... beyond anything I would have thought possible..."<br /><br />I'm definitely not a Trump supporter but he's shining a light on the Fed in a way no other candidate, otherAnonymousnoreply@blogger.com