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20 sats \ 8 replies \ @Undisciplined 26 Nov 2024 \ on: Our History of Protectionist Tariff Train Wrecks econ
Unfortunately, we're going to be on the losing side of this one.
I have this terrible feeling about it., too. Because capital can flow across boarders, it is hard to restrict the flow of trade, even with tariffs. Smoot-Hawley was just terrible.
Thinking of that, don’t we have another Hawley in the Senate, just now?
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We do, but I never considered whether they're related.
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One never knows! He is conservative and it looks like he supports what Trump is saying. I just wonder if Trump is saying it for positioning or actually means to do it. It would go hand-in-hand with the threats he has made about drugs and immigration. But, being he was an international businessman, he must know that tariffs are horrible on the ol’ economy!
This is the problem with Trump, you can’t tell what he is actually thinking, which is probably why he makes good deals for himself.
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I think he really does like tariffs. In his first term, he increased a bunch of tariffs. The impacts were drowned out by the Covid lockdowns, but prices had already started rising.
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Yeah, I wasn’t paying much attention to tariffs at the time, either. I was too busy fighting off the NPCs when I wasn’t wearing a mask! I also wouldn’t stay “locked down” like a good little slave. I was attracting trouble like sh*t attracts flies. I just loved it!!
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I had it fairly easy. No one ever got too carried away with Covid insanity where I lived.
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You must have been living in paradise! I, still to this day, not buy anything from a few retailers that denied me access because of no mask and raised.a ruckus because of it.
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Yeah, it was nice only having to deal with the insanity vicariously.