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10 sats \ 6 replies \ @0xbitcoiner OP 13 Nov \ parent \ on: Tariffs Are Not a Meaningful Source of US Government Revenue charts_and_numbers
Do you mean that low tariffs in the US help increase production in other countries? If so, I think so.
I think he means the opposite. High tariffs are protectionist measures that retain domestic production.
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true but only in the short to medium term
low tariffs everywhere enable every geographic place to use their comparative advantage which makes everyone on earth (including the global poor AND american middle class) richer in the long term
So yes, it increases production in other countries because it increases production everywhere 🏭
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free trade empowers the comparative advantage. let each nation and people do what they do best...
Then more people will be lifted out of poverty by lower prices and greater productivity.
Tariffs do not accomplish this.
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