By Joshua Mawhorter
Trump has even dubbed himself “a Tariff Man.” This is nothing new, however, his frequent claims regarding the US economy during the Gilded Age need scrutiny.
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123 sats \ 3 replies \ @byzantine 17h
taxes however their intention cannot make a nation more prosperous. they just create a situation where you must pay attention to the new rule ( the tariffs)
removal of roadblocks might create a situation where you can create things
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5 sats \ 2 replies \ @Undisciplined OP 17h
I totally agree. The only scenarios where I saw this tariff strategy working, were ones that reduced taxes and other trade barriers elsewhere.
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47 sats \ 1 reply \ @byzantine 17h
yeah, so I think it's not worth even paying attention to this if you're building a new productive enterprise in the United States, the only thing that's gonna limit your ability succeed are the hurdles you have to jump through to start and sustain it.
tariffs are now one of those hurdles unless many other hurdles are removed. That's still a pretty big hurdle in your way.
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5 sats \ 0 replies \ @Undisciplined OP 17h
For sure. Major deregulation was supposed to accompany the tariffs. Maybe that will still happen.
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41 sats \ 2 replies \ @longlifelearner20 12h
i think that what trump did was kind of a situation where he could grab other nation's attention, and other rulers thought that what he has done was an inspiration to them to justify their taxes acts as well, few days ago i heard a bout some kind of similair situation in the north african govs.
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0 sats \ 1 reply \ @Undisciplined OP 12h
Interesting. I didn't hear about that. I sure hope they don't follow Trump's lead, because tariffs are much worse for small poor economies than they are for large wealthy ones.
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35 sats \ 0 replies \ @longlifelearner20 12h
eyeah. it happened the couple early days. especially if there are no backedup means of currency like crypto as the goverment has suggested an evil plan i would say, that u must clarify your trading or any kind of buy and sell activities by issuing a legal paper which surprisingly be a tax and a peer pressure which later on will discourage other individual to be acting upon such thing
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34 sats \ 1 reply \ @SatsMate 16h
I think broad based tariffs will hurt us and the economy, although if there are specific countries where we can surgically target a specific industry or something that we want to reshore - there is alot of value in that.
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61 sats \ 0 replies \ @Undisciplined OP 16h
Even there, I'd suggest trying to lure them back with deregulation and tax breaks.
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34 sats \ 1 reply \ @0xIlmari 13h
Excuse me, wtf? Wasn't the major intention of tariffs to bring back the industrial base back into the US? That will not happen overnight. How can anyone reasonably judge the effects already? This is insanely short-sighted thinking.
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0 sats \ 0 replies \ @Undisciplined OP 13h
Saying it won’t work is based on economic theory and history, not the realized outcomes.
There’s nothing shortsighted about applying theory and history to predicting what’s going to come from policy decisions.
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33 sats \ 1 reply \ @oliverweiss 13h
However, since Trump and his people believe that tariffs will make America great again, it makes me think if they have ever considered imposing tariffs between states within the USA, like between Texas and Utah. This should work too, right?
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0 sats \ 0 replies \ @Undisciplined OP 13h
I’m not sure, because they haven’t been very clear or consistent in their rationale for supporting tariffs.
The strongest case acknowledges that tariffs are impoverishing overall, but can benefit a large nation with a diverse resource base. If that’s their framework, then internal tariffs wouldn’t be desired.
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27 sats \ 1 reply \ @aPolitical 13h
It may have not made America great but certainly it is making the UK economical giants and will continue to. Heheheheh
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0 sats \ 0 replies \ @Undisciplined OP 13h
I'm sure that will work out for them
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0 sats \ 7 replies \ @justin_shocknet 16h
The word currency is not used once in the article. Totally clueless.
Ever more ignorant big L losertarian hipster slop.
Someone should look into who's funding Mises these days
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24 sats \ 5 replies \ @_stacktoshi 12h
Why does it need to be mentioned? A government imposing tariffs is robbing you. Maybe you should look into who's funding the people imposing tariffs.
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0 sats \ 4 replies \ @justin_shocknet 11h
Spare me the losertarian nonsense, monetary zones reflect security zones... Either go fight the Navy yourself or embrace reality
The entire premise of the tariffs is to address the Triffin Dilemma, it's a fiat world order, currency is at the center of it all
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38 sats \ 3 replies \ @_stacktoshi 10h
The dilemma exists because of the fiat world order. Sorry, tariffs won’t fix that. Fixing the money will though. And spare us the ad hominem attacks. They make you look insecure about your understanding of economics.
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0 sats \ 2 replies \ @justin_shocknet 9h
Crushing the fiat world order is the entire point of the tariffs, it forces currency re-evaluation that it cannot survive as it exists today. Creative destruction.
Your understanding of what constitutes ad hominem is matched only by your understanding of economics. Zero.
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21 sats \ 1 reply \ @_stacktoshi 9h
We're going to crush central planning with.... (checks notes) central planning!
Please explain how "currency re-evaluation" solves the Triffin Dilemma.
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32 sats \ 0 replies \ @Undisciplined OP 16h
That seems like it would be something you kept track of.
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0 sats \ 0 replies \ @Solomonsatoshi 6h
The tariffs are designed to forestall insolvency.
USA needs to refinance $8T in USTs this year and interest rates are double what they were when most of the bonds maturing were struck.
USA faces imminent insolvency as investors quite reasonably shy away from further purchases of long dated USTs and demand a higher coupon on even short term ones.
The tariffs seek to address both the the US chronic trade and fiscal deficits.
They may succeed by both reducing consumption and increasing government revenue (which should reduce the apparent trend toward runaway debt escalation and increasing doubts over ability to service it) but they may also fail by creating inflation and alienating trading partners and isolating the US economy.
A lot hinges on selling $8T+ in USTs before Christmas at reasonable coupon rates.
Desperate times for the declining empire that is the USA.
The mixed economy of China, where the government still controls fiat debt issuance and capital allocation has defeated the crony capitalist west at its own game- capitalism.
Chinas focused and determined mercantile strategy has won the trade war.
The next step is to build a Chinese tertiary monetary infrastructure protocol- its name is mBridge and it is now ready to launch- if it does and if the SWIFT-petrodollar trade payments protocol loses this contest for global banking hegemony the US empire is very swiftly insolvent.
The Saudis have already signed up to mBridge and BRICS.
The end is nigh?
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