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20 sats \ 1 reply \ @028559d218 27 Nov 2024 \ parent \ on: Our History of Protectionist Tariff Train Wrecks econ
To the extent that other countries use 'slave labor' or heavily subsidized industries...
It just makes the products cheaper for Americans. There is no free lunch in economics.
Somewhere, somehow, sometime those goods are being paid for - and to the extent they are made 'cheaper' overseas just makes them cheaper for Americans, allowing them to buy more and save more for other things.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 27 Nov 2024
That’s right TANSTAAFL! To pay for those cheap goods, people here are put out of work or never get work. The people who consume the slave-labor made goods are supporting slavery. Will they admit that? NO. And they will keep on buying those goods because they are cheap. Like I said TANSTAAFL!!
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