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121 sats \ 7 replies \ @Coinsreporter OP 12 Aug \ parent \ on: Tariffs are generating inflation? econ
I mean tradewise. Example- If US puts tarrifs on one country, it'll still sell to the US via another country. Also, I think the world needs to implement (at some point) global prices for everything.
Prices are emergent. If you want globally smooth prices, you just have to knock down trade barriers and let arbitrage do its thing.
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I know it's pretty ambitious to even think about it with the nasty boundaries of all kinds set in between. Still, if somehow the world does it, that will see the rise of a new world, a peaceful, better and beautiful Earth.
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Short-term, I think we're in for nastier boundaries, but long-term I expect freer movement of goods and people.
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Are you talking about the game? If yes, sorry I don't play any games.
But yeah, I get your point. And I believe people do it, they do it even if it is deemed illegal or smuggling.
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Yes definitely. It's one among so many drawbacks of creating such boundries. The world was better without passports.
Now there's a complete disparity which could be avoided by letting people move and settle without any restrictions. After all America what we now call is "Dream Destination" was actually filled up by the migrants. If we were living under the same old ruless at present, I have no doubt that the prices for goods and services weren't as high as they are now.
Whenever I compare the inflation in US to that of India, I'm always astonished. Even the bread costs ten times more in the US than it costs in India.
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