How can people hold onto this believe that Republicans have any understanding of the economy when they are the party that sends us into recession again and again?
youtu.be/zv5SiQpG6sg
Trade Deficit
Blake Sullivan
Other urls found in this thread:
petition2congress.com
youtu.be
nytimes.com
cnn.com
wsj.com
weeklystandard.com
wired.com
en.m.wikipedia.org
breitbart.com
twitter.com
Mason Barnes
>he still thinks money exists
Ian Wright
Die kike
James Gonzalez
Go back to facebook nigger
Gabriel Barnes
This is the put your head in the sand anti-intellect Trump supporters are famous for!
Joshua Gutierrez
that you titled your post “trade deficit” and not “soon to be inverted yield curve” shows you have no clue what you’re talking about
Jason Harris
Benjamin Cruz
Virtually no republican official supports tariffs though
Carson Foster
When you're attention span is so short you can't watch 15seconds of a 2 minute video. How's your fake country doing?
Grayson Scott
Considering you fucked up the link you shouldn’t be claiming intellectual superiority over anyone.
Ian Diaz
Don't you have a Colbert late night special to catch up, facebook nigger.
Jayden White
That's a very good video that explains why people are focused on the wrong things when it comes to trade.
You are not a complete Borg that you've seen that and would link it - good job.
Jeremiah Ward
works for me.
are you just going to keep making the same pointless post?
Xavier Young
I guess you don’t remember the European debt crisis of 2011 and Catalonia’s role
people like you should not try to talk govt balance sheets
Ryan Jenkins
>Virtually no republican official supports tariffs
That anyone does is more than absurd.
William Jones
>intellektual (misspelled on purpose) economists with no skin in the game
>actually knowing how the economy works
Go kick rocks, nigger
Robert Cook
It's actually the Fed that creates boom-bust cycles.
Jose James
>thinks trade deficit is part of government balance sheet.
James Edwards
The Austrians get it right virtually always, and it's because they don't pretend marketplace interactions take place in a sterile vacuum of deterministic natural forces.
Isaac Barnes
The bubble economy is dictated by the Federal Reserve interest rate. And the board of the fed is.....
Sebastian Fisher
economists are pseudoscientists
David Nelson
As opposed to the average person on Jow Forums, who readily dismisses any piece of evidence that doesn't conform with his pre-existing beliefs.
Angel Murphy
100% agree.
Most people are so easily suckered into social bs issues. Voting republican never fucking works. The only way Reagan even came close is by cutting corporate taxes by 35% and the stupidest part is we leave them with a healthy economy every time. They could just make no changes other than social bs and it would be ok but they're all crooks.
David Murphy
Well, if we wanted to fix our monetary system, this would be a good start:
petition2congress.com
It wouldn't directly impact the trade deficit, but it *would* force Congress to live within their means, and that in turn would prompt them to use tarriffs more.
Lucas Gomez
The best thing to do would be to let people trade in whatever currency they want.
Henry Ortiz
Trump isn't even really a Republican in the same sense as the others. He defines what the Republican party is now.
Henry Rivera
Anyone who is economically literate opposes tariffs. Trump's tough talk on trade and imposition of tariffs is a NEGOTIATING TACTIC! Why are people too dense to understand this?
Tariffs on other countries gives them a HEAVY incentive to negotiate. Identifying their unfair practices - like Canada's 270% tariff on American dairy, drives public support to his cause.
Yes, it might spook the markets a little here and there, but that's what gets our trade deals to become fairer. If you walk in like a limp wristed bought & paid for mulatto nobody will concede anything to you.
Luke Torres
Trump is the first actual Republican since Ross Perot.
William Gomez
Carter Mitchell
THE AMERICAN SCHOOL OF ECONOMICS is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century. Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:
Protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–1970).
Government investments in infrastructure creating targeted internal improvements (especially in transportation).
A national bank with policies that promote the growth of productive enterprises rather than speculation.
The American School's key elements were promoted by John Q. Adams and his National Republican Party, Henry Clay and the Whig Party, and Abraham Lincoln through the early Republican Party which embraced, implemented, and maintained this economic system.[12]
During its American System period the United States grew into the largest economy in the world with the highest standard of living, surpassing the British Empire by the 1880s.
Luke Martin
Correlation vs causation, and the fact that international trade was magnitudes less significant to domestic wealth than it would increasingly become.
Joseph Walker
When you live in a world of competing ideals, it is important to stay at the top of the pack. In a competitive advantage situation, both countries end up with a better cardinal economic value, but their ordinal values may change. It's more important to be #1 than to be technologically advanced or rich, because otherwise others can impose their ideologies on us.
Samuel Rogers
Evan Edwards
You are an idiot. I was simply buttressing my flawless argument that Trump is a true Republican.
Isaiah Cox
All protectionism that does anything at all results in deadweight loss. Fact.
Brandon Moore
by the way, care to cramp your tiny little mind and explain exactly how
>international trade was magnitudes less significant to domestic wealth than it would increasingly become
came about?
never mind. I didn’t realize you were such a lightweight. i think we can all see what you are by now.
Jonathan Evans
Understanding floating exchange rates and what threatens them is key to understanding the arguments for free trade, as well as issues with currency manipulators like China.
Tyler White
Ayy my boi milton
Elijah White
International trade started mattering more as technology improved and it was easier and less costly to both produce and transport goods over seas, making us more rich due to access to a much larger and competitive market.
Connor Howard
Am I wrong? That's what this is all about isn't it? Trump looks at the trade deficits, not whether or not they increase economic output. The difference between what's going in vs. what's going out. He wants America First, not America's Economic Output Maximized. He wants America sitting on top of the world, and if a loss to economic output is the price we pay then so be it.
Ryan Garcia
>Trump looks at the trade deficits
Because he doesn't understand what trade even is. Watch OP's video.
Landon Ward
Did you know Milton was the economic advisor of Reagan?
Here he is sitting on the republican house task force.
Milton may be against the trade deficit, but when it came down to it. He was more allyed with the republicans.
Christian Brown
>Thinking the tariffs are used as a perceived economic necessity and not a negotiation tactic
why even post retard
Gavin Brooks
If I import melons, and you think you have any right whatsoever to make me pay extra for melons "because you're negotiating" you can fuck RIGHT OFF. I've already negotiated, because I AM THE ONE BUYING MELONS - GO AWAY.
Ryan Thomas
ok but you're still paying lmao
Jack Scott
No, I'm going black market to avoid the armed government bandits who think they're entitled to my money. The fact that you ever thought you had a right to try is fucking laughable though - as if LAMAO!
Nolan Rogers
This. Even a turbokike like Mark Levin is starting to see it. Unfortunately, the rest are too stupid, possessed, and/or insane.
>Giving our IP / technology to godless communist imsects makes (((us))) more rich.
Indeed.
nytimes.com
cnn.com
wsj.com
weeklystandard.com
wired.com
Liam Cook
>Giving
They buy it. And we get their money.
They then make things, which means there are more things, which makes things cheaper, which makes life better.
TRADE. IS NOT. ZERO. SUM.
James Bennett
>Thinking that once treasonous rats like Onigger, Clinton, and Bushie CoC sell us out, it can never be negotiated again by someone who doesn’t hate America
You are a brainlet.
Dominic Allen
>sell us out
You sell me out when you tax my melons. Leave my melons alone - they're not your melons. I've already made an agreement to buy them. Go. Away. You freak.
Brayden Sullivan
>claps back. claps back. claps back. claps back.
ah. i see.
Colton Richardson
>I am ESL
Yes.
Isaiah Davis
>a marxist who thinks a tariff is a tax
wow. lol.
Isaiah Reyes
>tariff
>not a tax
Parker Bennett
>stop printing money for no reason but to gib niggers
> “recession”
Ok there nigger
Cooper Anderson
I've watched the video. I'm not really sure its fair to say exporting more than you import is actually a bad thing; its situational. If you make more than the demand in this country requires, why wouldn't you export it, even if you're not importing some other good in exchange? You get paid either way.
Furthermore, it doesn't really matter if somehow a trade surplus is bad. I don't care about any of that. At the end of the day, when the total value of all the economies of countries in the world is set down in monetary units, I don't care if trade makes the U.S.'s number bigger than what it was in the past. I care that it makes the U.S. the largest compared to all the other countries.
Elijah Allen
Alexander Butler
This... dems get near 0 fed rates and reps get constant rate hikes
Nathaniel Nguyen
Marxist nigger, if we weren’t dealing with you piece-of-shit marxo-nigger entities such as china, mexico, germany, and canada, we would be able to engage in free and fair trade. But alas...
Easton Edwards
Tax and spend vs borrow and spend you both suck cock in this regard.
Jace Nguyen
>hispanic weeb trying to lecture us about how the U.S. needs to fuck itself
goddammit
Mason Hernandez
>I'm not really sure its fair to say exporting more than you import is actually a bad thing
It's usually a good thing. All free trade is a good thing, because the buyers and sellers don't trade unless they believe it's in their best interest to do so in the first place.
>If you make more than the demand in this country requires, why wouldn't you export it
Everyone DOES try to sell surplus. Which is great - it makes things cheaper.
Why does "largeness" matter? What does size have to do with quality? China is massive but China is garbage shit. We're concerned with the quality of life, not how large a political unit is in the abstract.
Luis Cox
You're the commie. I'm a Christian conservative. End it commie - you can be a hive-mind somewhere else.
Ayden Morales
>the U.S.
Government goons. I don't care what you do - you're not trying to send goons to my port and command me to foist over my money because I happen to be buying melons.
Christopher Thomas
You fool no one but yourself.
Michael Gutierrez
Can't fool people with the truth, commie.
Anthony Ramirez
macroeconomics really is a pseudoscience though, that's why the Austrians are always right because they actually recognize this
Colton Evans
You are a marxist faggot larping as ron fucking paul. Everyone sees it.
Christopher Perez
There's tons of deadweight loss in the current international system, because the costs incurred by:
>transportation
>time/movement
>logistics
are non-zero. Arguing for the minuscule deadweight loss from protectionism when you could be solving the much larger problems of deadweight loss from time and logistical inefficiencies is a waste of both your time and mine.
Then again, if you could solve problems, you wouldn't be posting on a Ugandan knuckledusting board about economics, of all things.
Jonathan Morris
I have tens of thousands of posts in the archives - go read them! Keep responding!
Nathan Fisher
>Canada dairy blah blah.
We also imposed similar rules on some products from Canada like tobacco and they remain our second largest dairy market.
He could negotiate it but it's not the huge issue hes making it seem like it is. In reality our trade with Canada is pretty close to free.
Justin Hall
Regular overhead isn't deadweight loss.
That's not what deadweight loss is at all. Please fix your knowledge.
Brayden Perez
you faggots exist in a vacuum. we would be perfectly happy to engage in free and fair trade, but we are operating in a world of despicable subhumans who manipulate currency, engage in dumping, exact tariffs and various other consumption taxes to feed their addictions to marxism, and generally attempt to piledrive all that is good in the world into the ground.
so anyone who declares that we are unable to leverage any and all weapons to our advantage is a cockroach piece of shit.
nope. we are the ruler so we make the rule. kill yourselves.
Oliver Morales
China's currency manipulation subsidizes U.S. consumers at the cost of Chinese taxpayers and producers.
You do... know that right?
Jacob Brown
I’ll take your word on it. My apologies for calling you a communist. Carry on, autist.
But see:
Mason Richardson
You seem to be under the impression that China creates anything that is of value to us. They create poison. We are being destroyed by that poison.
Kevin Wright
>You seem to be under the impression that China creates anything that is of value to us
They do, which is why we buy it. I think you really fail to appreciate the scope of things in your life that international trade made possible for you to benefit from.
Benjamin Rodriguez
The fact that you cannot see that we are in a toxic relationship with china and eu tells me that you are essentially godless and blind.
Elijah Cook
you are wrong. value in life is not determined by what is consumed. it is determined by what is built.
Grayson Lopez
>The fact that you cannot see that we are in a toxic relationship
It's certainly toxic for them, since the average Chinese person is increasingly more productive, and yet their productivity is being artificially being kept from being reflected in their purchasing power due to the Chinese government constantly and intentionally inflating their currency.
Zachary Ortiz
international trade in its current form is a beast system. it is antithetical to the love of the ALMIGHTY. go read the Book of Revelation.
Brandon Rogers
What is you consume is what has been built. Often by Chinese.
Hello - earth to brain?
Jackson Thompson
Believe it or not you actually just agreed with me. I don't care about cardinal size or (largeness). I care about our rank compared to other countries. Second place means shit. I want to be the country that's in first place because this (typically) means you're in control of the world.
So if via trade I could make the U.S. 10x wealthier than it currently is, it would be meaningless if it meant that China became wealthier than us. Trade deficits mean that we are losing resources with respect to the other country. That is a threat to the U.S.'s stranglehold on the rest of the world.
Isaac Evans
>it is antithetical to the love of the ALMIGHTY
I fail to see how buying melons from someone across an ocean constitutes a failure to obey my God.
Hudson Jones
>I care about our rank
Rank in what?
Huh?
Connor Reed
Freedmanians cannot into effective demand regardless how many times reality has to pound into their heads. Trade deficits literally mean free shit that others have worked on, and it's falls on these countries to trade balance, not deficit country.
Joshua Jones
You have built a nation of feckless idiots who don’t know how to build anything, repair anything, or even begin to understand the concepts that underpin their form and function.
You are sick.
You are engaging in what is tantamount to treason. When you succeed in fully destroying the USA, what do you suppose you will be?
You fancy yourself a man of understanding, but you see humans as nothing more than slaves. You have subscribed to a corrupt god. A god that won’t be able to save you. Shame on you. Wake up.
Wyatt Smith
No it doesn't, because trade deficits =/= debt.
If you produce 2x domestically, and then buy 1x from other countries while selling them .5x, your trade deficit is .5x but non of that is debt, because you had a whole 2x to begin with.
Michael Johnson
It would be wonderful if there was a god... but I'm not looking for any god or gods to save us.
Nathaniel Carter
I like cute anime girls too.
Xavier Perez
Jesus Christ died for you. Turn to The Living God.
Luke Fisher
WOMP WOMP
Gavin Thomas
Incorrect. Deadweight loss is caused by any market inefficiency, not simply ones generated by government actors. You should go review your economics 100 texts.
Josiah Gonzalez
>Incorrect
Thomas Cruz
(((Friedman)))
Joseph Foster
>using a youtube video as your source
Asher Morris
China violates fair trade by "illegal export subsidies and currency manipulation, effectively flooding the U.S. markets" and unfairly making it "virtually impossible" for American companies to compete. Currency manipulation and subsidies are stated as reasons that "American companies cannot compete because they’re not competing with Chinese companies, they’re competing with the Chinese government
en.m.wikipedia.org
They also have this practice called forced technology transfer,” he continued. “Basically, if you’re an American company and you want to produce and sell into the Chinese market on Chinese soil, the condition of access to the market is that you’ve got to turn over your technology. That’s an extraordinary devil’s bargain that’s not a win for this country, or that company
Ian Myers
It's the same in any given economics textbook.
Any of them
End it.
Parker Bailey
No it's not, and you'd know that if you ever cracked open one.
Ethan Brown
If they don't think the cost of trade is worth it, they won't trade. If they do think it's worth it, they will.
>No it's not
I've got 23 credit hours of econ.
It is.