Trump​ ❤️ Tariffs

[Andy1]

11 minutes ago, Homelander said:

It takes an astonishing level of incompetence to push Japan and South Korea so far that they align with China against the U.S.

 

Unbelievably reckless.

 

 

As Trumps America chooses isolation and a retreat from International trade and engagement, China will happily move into the vacuum to form alliances, trade agreements etc. to become the dominant world power. 

[Mikie2times]

His supporters are growing quiet and incapable of defending this insanity. If they do try it’s certainly not with logic shared by the most educated on the subject. Meanwhile this topic will define his presidency. It’s what he focuses on most, talks about most, and will impact us the most. Most Americans in polling are already saying he needs to focus on other things. 

[Roundybout]

On 2/1/2025 at 6:58 PM, JDHillFan said:

 

And when this doesn’t happen, which it won’t, will you be here to walk back your hysteria? Rhetorical question. 

Hey buddy, just checking in on this dog**** elitist nonsense. Am I allowed to be upset yet?

[JDHillFan]

2 hours ago, Roundybout said:

Hey buddy, just checking in on this dog**** elitist nonsense. Am I allowed to be upset yet?

 

On 8/5/2024 at 10:24 AM, Roundybout said:

You’re so mad, I’ll buy the dips today. 

 

Knock yourself out. 

[B-Man]

 

An Economist's Take on Tariffs: They May Be Bad, but Income Taxes Are Worse

Ward Clark

 

Walter Edward Block is an economist. He's not just any economist, either; he is a self-professed anarcho-capitalist, which term describes the free-est free traders that ever free traded. He holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University/New Orleans, and he is a member of the Faculty Network of the Foundation for Economic Education. So, he has been around the economic block a few times.

 

He's not a fan of tariffs, as you might expect from an anarcho-capitalist after the manner of Ludwig von Mises. But as it happens, he's even less of a fan of the income tax and reckons that tariffs may be the lesser of two evils:

 

...when it comes to comparative advantage, all too many people are out to lunch insofar as the teachings of Economics 101 are concerned. They fear that other countries might be more efficient than we are; with free trade, they would produce everything, we, nothing, and we would all starve to death from massive unemployment.

To dispel this myth, let’s consider a thought experiment. A lawyer is as good a typist as his secretary. He can produce $1,000 per day by practicing his profession. But for every such day, he needs a certain amount of typing. He can produce $200 worth each day. In two days, he can thus earn $1200 on his own. If he hires a typist, he can earn $2,000 from lawyering in two days, but must pay his secretary $200 daily for a total of $400. If he trades with her, he will come out with $2,000-$400=$1,600, an appreciable gain for him.

So is there any economic case for tariffs, given the foregoing? Yes, paradoxically, there is—in a way, if the alternative is a tax that’s even worse.

 

{snip}

 

 

Mr. Block concludes:

To put it another way, if we accept that there has to be a government, and it therefore needs some revenue to function, this might be the least-bad option.

Should we worry about so many people becoming unemployed? Not at all. A similar sort of thing occurred when the car replaced the horse and buggy, when the cell phone substituted for Kodak, when we switched from typewriters to computers, etc. We are all the richer for this sort of thing, and will be in this case too.

 

 

 

https://redstate.com/wardclark/2025/04/02/an-economists-take-on-tariffs-they-may-be-bad-but-income-taxes-are-worse-n2187432

[meazza]

2 minutes ago, B-Man said:

 

An Economist's Take on Tariffs: They May Be Bad, but Income Taxes Are Worse

Ward Clark

 

Walter Edward Block is an economist. He's not just any economist, either; he is a self-professed anarcho-capitalist, which term describes the free-est free traders that ever free traded. He holds the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University/New Orleans, and he is a member of the Faculty Network of the Foundation for Economic Education. So, he has been around the economic block a few times.

 

He's not a fan of tariffs, as you might expect from an anarcho-capitalist after the manner of Ludwig von Mises. But as it happens, he's even less of a fan of the income tax and reckons that tariffs may be the lesser of two evils:

 

...when it comes to comparative advantage, all too many people are out to lunch insofar as the teachings of Economics 101 are concerned. They fear that other countries might be more efficient than we are; with free trade, they would produce everything, we, nothing, and we would all starve to death from massive unemployment.

To dispel this myth, let’s consider a thought experiment. A lawyer is as good a typist as his secretary. He can produce $1,000 per day by practicing his profession. But for every such day, he needs a certain amount of typing. He can produce $200 worth each day. In two days, he can thus earn $1200 on his own. If he hires a typist, he can earn $2,000 from lawyering in two days, but must pay his secretary $200 daily for a total of $400. If he trades with her, he will come out with $2,000-$400=$1,600, an appreciable gain for him.

So is there any economic case for tariffs, given the foregoing? Yes, paradoxically, there is—in a way, if the alternative is a tax that’s even worse.

 

{snip}

 

 

Mr. Block concludes:

To put it another way, if we accept that there has to be a government, and it therefore needs some revenue to function, this might be the least-bad option.

Should we worry about so many people becoming unemployed? Not at all. A similar sort of thing occurred when the car replaced the horse and buggy, when the cell phone substituted for Kodak, when we switched from typewriters to computers, etc. We are all the richer for this sort of thing, and will be in this case too.

 

 

 

https://redstate.com/wardclark/2025/04/02/an-economists-take-on-tariffs-they-may-be-bad-but-income-taxes-are-worse-n2187432

Never change old man.  

[Roundybout]

2 hours ago, JDHillFan said:

 

Knock yourself out. 

What a chicken response. 

[The Frankish Reich]

Random thoughts.

 

I like cheap imported stuff. I have a couple new LG TVs. Really awesome, particularly the OLED one. Made in South Korea. It'll be something like 34% more expensive next week. I don't want to pay that. Should I buy an American made TV? Hah. Show me one.

 

I don't care where a T shirt is made. No investor is ever going to start up a T shirt factory in America. I would not feel any pride if America suddenly became the world's leading T shirt producer. In fact I would assume that it means America is seriously in decline if we've got tens of thousands of people on working in a T shirt sweat shop.

 

I bought a German-made EV. Really pleased. Got a federal and state EV credit. Made it super affordable. It will cost 20% more next week. Why? Last I checked that German worker seems to have better working conditions than some schmuck on the GM assembly line in Michigan

[Homelander]

So predictable. 

 

 

[JDHillFan]

8 minutes ago, Roundybout said:

What a chicken response. 

I’ll buy the dips. Is that a problem? It didn’t seem to be an issue in August. 

[leh-nerd skin-erd]

5 minutes ago, The Frankish Reich said:

Random thoughts.

 

I like cheap imported stuff. I have a couple new LG TVs. Really awesome, particularly the OLED one. Made in South Korea. It'll be something like 34% more expensive next week. I don't want to pay that. Should I buy an American made TV? Hah. Show me one.

 

I don't care where a T shirt is made. No investor is ever going to start up a T shirt factory in America. I would not feel any pride if America suddenly became the world's leading T shirt producer. In fact I would assume that it means America is seriously in decline if we've got tens of thousands of people on working in a T shirt sweat shop.

 

I bought a German-made EV. Really pleased. Got a federal and state EV credit. Made it super affordable. It will cost 20% more next week. Why? Last I checked that German worker seems to have better working conditions than some schmuck on the GM assembly line in Michigan

My god your posts just scream hipster doofus! 

[Roundybout]

On 2/1/2025 at 6:58 PM, JDHillFan said:

 

And when this doesn’t happen, which it won’t, will you be here to walk back your hysteria? Rhetorical question. 

 

[JDHillFan]

12 minutes ago, Roundybout said:

 

As you well know, that was in reference to annexing an ally. It can be found on page ten of this thread. Feel free to bring it up if that ever happens. Otherwise…

 

truly idiotic 

[Roundybout]

3 minutes ago, JDHillFan said:

As you well know, that was in reference to annexing an ally. It can be found on page ten of this thread. Feel free to bring it up if that ever happens. Otherwise…

 

truly idiotic 

Oh so the “economic force” part of that post doesn’t apply? Strange. 
 

Hes also doubling down on getting Greenland. 

[The Frankish Reich]

37 minutes ago, Homelander said:

So predictable. 

 

 

Wow. I suspect Surowiecki is right. This was slapdash DOGE-style made up numbers thing.

[JDHillFan]

3 minutes ago, Roundybout said:

Oh so the “economic force” part of that post doesn’t apply? Strange. 
 

Hes also doubling down on getting Greenland. 

Get back to me when he “annexes an ally”. 

[The Frankish Reich]

32 minutes ago, leh-nerd skin-erd said:

My god your posts just scream hipster doofus! 

And you didn't even give me a chance to complain about how Bordeaux futures prices will skyrocket.

[Roundybout]

1 minute ago, JDHillFan said:

Get back to me when he “annexes an ally”. 

What an odd hill to die on. 

[JDHillFan]

2 minutes ago, Roundybout said:

What an odd hill to die on. 

It’s not a hill. It’s an accurate representation of my comment on page 10 of this thread. You attempted to frame it as something else and failed miserably. No big deal. You’ve had what appears to be a very traumatic day. Hang in there. Buy the dip like you did in August. 

[Roundybout]

1 minute ago, JDHillFan said:

It’s not a hill. It’s an accurate representation of my comment on page 10 of this thread. You attempted to frame it as something else and failed miserably. No big deal. You’ve had what appears to be a very traumatic day. Hang in there. Buy the dip like you did in August. 

 

 

 

$30 trillion gone from the economy and you’re being all cute and snobby as usual. 
 

Eventually you’ll drop off the thread like you did with my thread about the Trump administration sending an innocent man to the gulag. Even you couldn’t defend that.