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  1. #76
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    Click here to enlarge Originally Posted by subaru335i Click here to enlarge
    My best friend is a Phd in economics and international affairs from Duke and he say essentially all economists agree that tariffs and isolationism is bad for our economy.
    I bet this guy said there wasn't a real estate bubble either along with the rest of the economics professors.
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  2. #77
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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    It's not a free market economy when you don't have tariffs for other countries' products but they have tariffs for your products.
    It is as free as possible.

  3. #78
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    1 out of 1 members liked this post. Yes Reputation No
    Click here to enlarge Originally Posted by subaru335i Click here to enlarge
    My best friend is a Phd in economics and international affairs from Duke and he say essentially all economists agree that tariffs and isolationism is bad for our economy.
    Yes, not only economists, but most people with a brain understand this. There is a very strong causality in between the tariffs and wealth. Bhutan, Zimbabwe etc. are examples of high tariff countries, and the lowest trade barrier countries are developed rich countries. The economy which will get the imports in with lower tariffs will grow more, because it has more funds left for everything else.

    With this low unemployment rate in the US, the only way to add industrial jobs is to reduce jobs with more value added. So, is the strategy now to become a new Bangladesh? Why not make everyone in the US to move into a boring industrial job and see how soon after the Chinese industrial robots will beat the humans not being able to work 24/7.

  4. #79
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    Click here to enlarge Originally Posted by 654 Click here to enlarge
    It is as free as possible.
    Please look up the definition of free.
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  5. #80
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    Click here to enlarge Originally Posted by 654 Click here to enlarge
    With this low unemployment rate in the US
    Is it low with record numbers on welfare? People not working simply aren't being counted as part of the workforce. That isn't record low unemployment.
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