THE ERA OF TRUMP

[DBTrek]

Yeah, life sure sucks with all our rapid access to cheap goods delivered to the door by Amazon.

Regular hellhole up in this place.

[Zlaxer]

Yeah, life sure sucks with all our rapid access to cheap goods delivered to the door by Amazon.

Regular hellhole up in this place.

[Smitty-48]

So then the middle class is doomed.....sucks for them.....hope you'll be able to sleep at night while your kid shovels energy drinks and No-Dos down their mouth to get more studying in so they can hope to compete with Resh, who's doing the same in India, for a shot at a lousy 60k starting salary.....

We're doomed > the only thing that can save us is a closed off command economy > communism in a nutshell.

We're doomed > the only thing that can save us is CCS > Free Trade (as currently practiced) in a nutshell.

Except no one favoring trade liberalization claims that we are doomed, nor that trade liberalization is some sort of mechanism for preventing a presaged doomsday.

You invoke the doomsday as your rubric, and a closed off command economy as the solution to prevent that, which is communism in a nutshell.

[Zlaxer]

We're doomed > the only thing that can save us is a closed off command economy > communism in a nutshell.

We're doomed > the only thing that can save us is CCS > Free Trade (as currently practiced) in a nutshell.

Except no one favoring trade liberalization claims that we are doomed, nor that trade liberalization is some sort of mechanism for preventing a doomsday.

GTFOOH - you just spent three pages of posts bitching about how the Tarrifs on Steel are going to fuck us...

[Smitty-48]

We're doomed > the only thing that can save us is CCS > Free Trade (as currently practiced) in a nutshell.

Except no one favoring trade liberalization claims that we are doomed, nor that trade liberalization is some sort of mechanism for preventing a doomsday.

GTFOOH - you just spent three pages of posts bitching about how the Tarrifs on Steel are going to fuck us...

Strawman, I didn't say it would be doomsday, it would backfire, unintended consequences due to preverse incentives inflicting a net loss on the American economy, but it wouldn't be doomsday. It would be a recession, but the sun would come up the next day, it's just a recession its not the end of the world. Mindlessly shooting yourselves in the foot, but not catastrophically.

[DBTrek]

I almost choked on my Moe's burrito with that "source".

LMFAO

That's his source because it is literally the only "economics" he has ever exposed himself to. That one book. He read that one neocon book and now seems himself worthy of lecturing those of us who actually studied it in decent universities about it.

On one hand, we have a book written by a “Senior Fellow at the Hoover Institution, Stanford University, [who] has served on the faculties of several universities, including Cornell University and University of California, Los Angeles. He has also worked for think tanks such as the Urban Institute.

Harvard University (B.A., 1958)
Columbia University (M.A., 1959)
University of Chicago (Ph.D., 1968)”

On the other hand we’ve got a guy with a minor who “actually studied it in decent universities”.

Choose your source, I’ve picked mine.
/shrug

[Fife]

Hey, he doesn't know jack shit about economics, but he had a Moe's burrito today. Prolly an expert on Mexican trade *and* fast food.

He might have even stayed at a Holiday Inn Express sometime in the last couple of years.

:goteam: :drunk:

[Zlaxer]

Hey, he doesn't know jack shit about economics, but he had a Moe's burrito today. Prolly an expert on Mexican trade *and* fast food.

He might have even stayed at a Holiday Inn Express sometime in the last couple of years.

:goteam: :drunk:

So - what's your solution to the shrinking middle class? How do we grow the pie big enough to support Billion people without a UBI?

[Fife]

If anyone is interested in what actual economists have said from time to time:

Economists letter on tariffs

Once per decade or so it is worth revisiting the famous 1930 economists' letter on Tariffs. (The link, at econjournalwatch.org, has a concise history and links to more.) 1028 economists -- a huge proportion of the number then around -- signed the following, urging President Hoover to veto the Smoot Hawley tariff.

We know how it turned out. No, we did not win that trade war. Well, not until about 1945.


Surely if tariffs are such a good idea, there must be a ton of scholarly work showing us why. https://www.google.com/search?q=economi ... of+tariffs

[Fife]

Hey, he doesn't know jack shit about economics, but he had a Moe's burrito today. Prolly an expert on Mexican trade *and* fast food.

He might have even stayed at a Holiday Inn Express sometime in the last couple of years.

:goteam: :drunk:

So - what's your solution to the shrinking middle class? How do we grow the pie big enough to support Billion people without a UBI?

https://www.amazon.com/Choice-Cooperati ... 598132180/