tag:blogger.com,1999:blog-3758330678390419129.post4635442146343031416..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Don Boudreaux: "It Literally Hurts My Brain to Read the Economic Idiocy Emitted by Trumpkins"Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-3758330678390419129.post-63927921660517648212016-10-28T16:18:38.706-04:002016-10-28T16:18:38.706-04:00Re: Stuffed Pimento,
─ As I understand it corpora...Re: Stuffed Pimento,<br /><br />─ As I understand it corporations exchange the foreign currency for US dollars. They aren't actually paid in yuan or rubles so I'm not sure I see your point. ─<br /><br />These corporations exchange the foreign currency in a market. That market depends on cash flows from currency issuers to buyers. Even if you turn your dollars into yuan and your yuan into OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91556731957411241952016-10-28T16:06:35.600-04:002016-10-28T16:06:35.600-04:00Re: Stuffed Pimento,
─ This is a good article exp...Re: Stuffed Pimento,<br /><br />─ This is a good article explaining that managed trade is not free trade. ─<br /><br />Mr. Boudreaux's contention is not that managed trade is free trade or not but that El Trumpo's policies have nothing to do with trade at all.<br /><br />─ even if managed trade benefits consumers in the aggregate, it most certainly harms certain producers that are not OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73874176659400565132016-10-28T13:16:18.921-04:002016-10-28T13:16:18.921-04:00I understand the point of export/imports. What I&#...I understand the point of export/imports. What I'm saying is that exporting is not ipso facto "worthwhile only" a means to import. It can be a means to buy and produce more domestic goods.<br /><br />As I understand it corporations exchange the foreign currency for US dollars. They aren't actually paid in yuan or rubles so I'm not sure I see your point. You are using the Stuffed Pimentohttps://www.blogger.com/profile/03631687618198640700noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35112292358645222162016-10-28T12:55:51.564-04:002016-10-28T12:55:51.564-04:00This is a good article explaining that managed tra...This is a good article explaining that managed trade is not free trade. It is political and negotiated trade. And therefore, even if managed trade benefits consumers in the aggregate, it most certainly harms certain producers that are not politically connected. The worst of it, from the article, is that free trade is blamed on the unwanted outcomes of managed trade agreements. The blame should Stuffed Pimentohttps://www.blogger.com/profile/03631687618198640700noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57695032157686902142016-10-28T08:43:03.095-04:002016-10-28T08:43:03.095-04:00Re: Athena Clark,
Why would it bad that Boeing so...Re: Athena Clark,<br /><br />Why would it bad that Boeing sources parts? What's your rationale? And YES, sourcing parts from other places IS the market.OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87924467273852559462016-10-28T04:48:03.365-04:002016-10-28T04:48:03.365-04:00No I grieve for Boeing Industries that cannot comp...No I grieve for Boeing Industries that cannot complete a jet without 30 other countries input for parts. Try reading about it. That is not THE MARKET, that is "most favored nation treaty" with countries that dont pay their workers anything and fail to protect our own. Anonymoushttps://www.blogger.com/profile/16098940238963468783noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12666403039717457462016-10-27T22:18:07.834-04:002016-10-27T22:18:07.834-04:00Re: Athena Clark,
Are you seriously grieving for...Re: Athena Clark,<br /><br /><br />Are you seriously grieving for Buggy Whip industries? What, you think the country should be turned into a museum?<br /><br />This longing for times when "we used to build things with our bare teeth!" is ridiculous and pathetic. You seem not to realize that industries come and go as consumer preferences change. You seem to think that jobs are ends in OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69840323801928374132016-10-27T21:33:10.348-04:002016-10-27T21:33:10.348-04:00The problem is the loss of entire industries, thin...The problem is the loss of entire industries, things we knew how to manufacture have been lost as well as the capacity and factories to produce them. That alone is a threat to our safety and future. Anonymoushttps://www.blogger.com/profile/16098940238963468783noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49321448567230978462016-10-27T20:04:06.530-04:002016-10-27T20:04:06.530-04:00I won't argue for or against Trump's econo...I won't argue for or against Trump's economic policies. I'll only point out that we can't criticize Hillary's policies because she doesn't say anything about them except in broad platitudes. Although WikiLeaks does give us quite a few clues about her economic vision and it is mainly about enriching herself and her cronies.Robert What?https://www.blogger.com/profile/03863449539859132763noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51038919590490878012016-10-27T18:40:42.036-04:002016-10-27T18:40:42.036-04:00─ Correct me if I'm wrong, but doesn't exp...─ Correct me if I'm wrong, but doesn't exporting also supply us with the means to purchase domestic goods? ─<br /><br />Sure, but why would you? Dr. Boudreaux's point is that exports in and of themselves are NOT the end but a means to an end, and that end is to obtain the foreign currency that others can use for imports. To illustrate the point: I trade my labor outside my home so OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49378763893645680412016-10-27T18:30:15.838-04:002016-10-27T18:30:15.838-04:00Re: Stuffed Pimento,
─ I agree with his points ab...Re: Stuffed Pimento,<br /><br />─ I agree with his points above, but let's be fair to Trump. ─<br /><br />Yes, lets be fair to him. El Trumpo is a incredible economic ignoramus so he can't help it if what he says is idiotic.<br /><br />─ Furthermore, if raising tariffs on imports gave politicians cover to eliminate direct subsidies of domestic production - couldn't that be a net OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91308775332957742332016-10-27T17:00:32.806-04:002016-10-27T17:00:32.806-04:00─ Trump's most absurd promise is to enrich Ame...─ Trump's most absurd promise is to enrich Americans by increasing exports and reducing imports. ─<br /><br />Which is the exact same fallacy that motivates the current rhetoric against NAFTA and other trade agreements.<br /><br />A quick perusal of the comments section of some of the conservative blogs and Facebook pages who support the GOP candidate (Donald Trump) shows that the arguments OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-56293099217316143112016-10-27T16:46:13.181-04:002016-10-27T16:46:13.181-04:00Boudreaux is unfairly selective in his criticism o...Boudreaux is unfairly selective in his criticism of Trump. I agree with his points above, but let's be fair to Trump. His platform calls for removing 2 regulations for every 1 regulation added, he calls for a freeze in federal hiring, as far as I can tell he only wants to impose reciprocal tariffs of equal weight (still bad, I know, but not as bad as across the board tariffs).<br /><br />I Stuffed Pimentohttps://www.blogger.com/profile/03631687618198640700noreply@blogger.com