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0 sats \ 5 replies \ @Undisciplined 18 Mar \ parent \ on: Recession Canceled: US Industrial Production Jumps To Record High econ
Good point. I should have said “manufacturing can benefit from tariffs.” It’s definitely not a sure thing.
my issue is that it's government picking winners and losers. if your product depends on imported goods (no way to source them domestically) then you're at a competitive disadvantage. if however you can make the product 'here' and imported versions are your competition... you're at an advantage.
it feels like 'crony capitalism' 'to benefit the nation' which i don't believe
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Sure, but you always have to ask "Compared to what?"
If we all we get are these tariffs, then it's definitely not beneficial. However, if we get tariffs plus deregulation and tax cuts on productive activities, that may well be beneficial.
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the tariffs plus deregulation plus tax cuts... will still leave the us with a huge budget deficit. that deficit cannot go on forever because it's compounding and eventually it spells the end of the american empire (if it hasn't already)
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It's not like anyone is seriously contending with that, though.
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which is the issue
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