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50 sats \ 5 replies \ @028559d218 15 Apr \ on: Tariffs Won’t Reindustrialize America Politics_And_Law
Brilliant post.
Infantil-ization, high time preference, trade protectionism, and lack of economic fundamentals... these things will not make Americans rich quite the contrary actually.
I don't know where Mr Trump learned that 'foreigners pay the tariffs' but it's some serious gaslighting, especially calling it the 'external revenue service' when... the US importer actually pays the tariff.
I mean wtf?
Thank you!
Well, what can you say when the court historians and economists of the Keynesian variety gaslight him and the public. It is like the case of Fauci and Birx gaslighting him on the COVID protections that got put in place. Trump may be very good at negotiating and getting buildings built, but he has some troubles when it comes to listening to experts.
Now, whenever I hear someone claiming to be an expert, I pull out my BS meter and expect the worst. I guess this is what you get when you have rent-an-experts and paid-for jokers all over the place, eager to advise on matters of import.
By the way, I posted another article that deals with technocracy, expertism and experts at: #944376
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I don't have an opinion on 'experts' mainly because i'm not one of them!
However when i hear Mr Trump speak on economic matters... it kinda makes me cringe because what he says doesn't make any sense. I listened to his 'liberation day' speech again today and it's like... none of it makes any sense he keeps talking about what countries 'charge'... it's not serious lol.
Just goes to show the value of gold as of late because it's so simple
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Yes, simple is the best. BTC approaches gold as being simple, however, it is attached to computing power so it is also attached to the electrical network and internet. That makes BTC vulnerable to several points of failure in the grids. Not a very happy sort of mental image, is it?
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No, no it's not. There are tradeoffs in everything! Hard to zap gold around the internet ;)
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Yes, it is also hard to transfer over a network that is downed. Or to produce BTC at the store with no electricity for days.
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