DefiantDandelion on Nostr: Do you have the same opinion on threats of violence as you do on threats of tariffs? ...
Do you have the same opinion on threats of violence as you do on threats of tariffs?
They would both be leverage in action.
It’s not the case for example that they are only idle threats, tariffs were levied by Trump, and they were kept in place by Biden.
Tariffs reduce trade.
I’m concerned about the tit for tat growing beyond what individual actors wanted. I’m concerned about the costs of untangling economies. I’m concerned about the costs of permanently not taking advantage of the trade surpluses both countries get when they trade voluntarily, taking advantage of the differences in skills, labor, and capital to allow specialization. I’m concerned that tariffs will make everything more expensive fundamentally because it’s going to be made in places with higher costs to produce the same thing without an increase in quality. This isn’t inflation in the sense of the money supply, it’s restructuring the fundamental way things are produced and where they are produced. I’m concerned if you don’t trade with your enemies you take one stop out of the road to war with your enemies. I’m concerned if you don’t trade with your allies, they will seek trade agreements with your enemies. I’m not a member of the left.
They would both be leverage in action.
It’s not the case for example that they are only idle threats, tariffs were levied by Trump, and they were kept in place by Biden.
Tariffs reduce trade.
I’m concerned about the tit for tat growing beyond what individual actors wanted. I’m concerned about the costs of untangling economies. I’m concerned about the costs of permanently not taking advantage of the trade surpluses both countries get when they trade voluntarily, taking advantage of the differences in skills, labor, and capital to allow specialization. I’m concerned that tariffs will make everything more expensive fundamentally because it’s going to be made in places with higher costs to produce the same thing without an increase in quality. This isn’t inflation in the sense of the money supply, it’s restructuring the fundamental way things are produced and where they are produced. I’m concerned if you don’t trade with your enemies you take one stop out of the road to war with your enemies. I’m concerned if you don’t trade with your allies, they will seek trade agreements with your enemies. I’m not a member of the left.