Rand explains his opposition to tariffs:

[Matt Collins]

https://www.weku.org/lexington-rich...aul-discusses-opposition-to-new-trump-tariffs

 

[Swordsmyth]

Shows he doesn't understand economics.
The average American has lost far more wealth from offshoring than they save by paying slave labor prices.

 

[Invisible Man]

Shows he doesn't understand economics.
The average American has lost far more wealth from offshoring than they save by paying slave labor prices.

It sounds like you think that 100% of economists from every school of thought don't understand economics.

 

[Matt Collins]

Shows he doesn't understand economics.
The average American has lost far more wealth from offshoring than they save by paying slave labor prices.

This is demonstrably false. You need an econ 101 class. I would start here... http://www.Mises.org

 

[TheTexan]

It sounds like you think that 100% of economists from every school of thought don't understand economics.

Wouldn't be the first thing 100% of economists were wrong about

 

[TheTexan]

This is demonstrably false. You need an econ 101 class. I would start here... http://www.Mises.org

I'm awaiting demonstration

 

[Swordsmyth]

It sounds like you think that 100% of economists from every school of thought don't understand economics.

It sounds like you think all schools of economics agree with you.
That's ridiculous.

 

[Swordsmyth]

This is demonstrably false. You need an econ 101 class. I would start here... http://www.Mises.org

It's demonstrably true.

It's not just the gold standard that explains this, money printing alone would see inflation trickle down to wages with a delay.
Offshoring and mass immigration are the weapons the ultra rich and boomers (See also Mises types) used against their children and grandchildren to keep wages down and launch wealth inequality into the stratosphere.

 

[TheTexan]

I'm awaiting demonstration

Still awaiting a logical rebuttal for this demonstration that proves that a tariff can have a positive effect on a local economy.

 

[CCTelander]

Let’s tax our way to prosperity! That should work, right?

 

[TheTexan]

Let’s tax our way to prosperity! That should work, right?

An outright trade ban would be more effective, but I'll accept a tax

 

[CCTelander]

An outright trade ban would be more effective, but I'll accept a tax

Really? Tell me more.

 

[TheTexan]

Really? Tell me more.

Sure, that seems like an effective use of my time

 

[Swordsmyth]

Let’s tax our way to prosperity! That should work, right?

What's the best way to build wealth? getting to work and producing? or living off an allowance from your parents and what you can get from your friends?

What's the best way to build muscle? hitting the gym and working out? or sitting around in an automated environment where robots or slaves do all the work for you?

 

[CCTelander]

What's the best way to build wealth? getting to work and producing? or living off an allowance from your parents and what you can get from your friends?

What's the best way to build muscle? hitting the gym and working out? or sitting around in an automated environment where robots or slaves do all the work for you?

You're making my point for me. Thanks.

 

[CCTelander]

Sure, that seems like an effective use of my time

What? You're the one who responded to me. Seemed like you were eager to tell me all about your ideas to ban and tax our way into liberty and prosperity. Now you've changed your mind? I'm crushed.

 

[Swordsmyth]

You're making my point for me. Thanks.

Boy do you have it backwards.
The free trade argument is literally that it is good to be a welfare queen living off the production of foreign slaves.
This atrophies your industrial muscles, and when you run out of the capacity to produce anything anyone wants you go bankrupt and can no longer afford to even buy the slave labor products.

 

[Invisible Man]

It's demonstrably true.

It's not just the gold standard that explains this, money printing alone would see inflation trickle down to wages with a delay.
Offshoring and mass immigration are the weapons the ultra rich and boomers (See also Mises types) used against their children and grandchildren to keep wages down and launch wealth inequality into the stratosphere.

So we're getting higher productivity at lower cost, and you think that's a bad thing.

 

[Invisible Man]

It sounds like you think all schools of economics agree with you.
That's ridiculous.

Only on the issue of free trade. That seems to be the one thing they all agree on, and something you think 100% of them are wrong about.

 

[CCTelander]

Boy do you have it backwards.
The free trade argument is literally that it is good to be a welfare queen living off the production of foreign slaves.
This atrophies your industrial muscles, and when you run out of the capacity to produce anything anyone wants you go bankrupt and can no longer afford to even buy the slave labor products.

Yawn.

Several hundred years worth of empirical economic data says otherwise.

But the corporate welfare queens created and suckled by protectionist trade policies are grateful for your propagandistic services. Keep up the good work. Maybe Ian Fletcher will hire you one day.