The one thing that surprised me is your statement that the Trump tariffs are costing you hundreds of thousands of dollars. How do you get that estimate? It seems like an overestimate by at least an order of magnitude.
Good idea! At the EXTREME end, though not first imposed by Trump, is a full trade blockade. Take Cuba, for example. The US blockades en. Not Canada, though. Hence hwhy I was able to visit Varadero and Havana. How does Cuba feel about the Americans' blockade? Well, they have propaganda Billboards along the side of the highway instead of advertising BillBoards. (Cause they're a Communist country. Of course they do!) One Billboard that stood out to me, said: "Bloqueo: El Genocido mas largo de la historia". Maybe a BIT of an exaggeration. But maaaaaaan, they HATE it!
But not only that, you can talk about how developing countries' own tariffs hurt them and restrain their growth. For example, in the Philippines, flight attendants smuggle groceries from Singapore, there is a black market of onions, coke had to start cutting its regular Coke with aspartame, etc.
I'm also kinda curious: How did the left and the right switch sides on trade? I seem to recall back in the early 2000s, leftists were rioting at WTO Conferences, etc. So much so that on 9/11, I thought maybe there was a left-wing terrorist group responsible for the attack on the World Trade Center, before we found out that it was Al-Queda.
But now, it's the right that is very anti-trade. Is it just Trump? Or is it more than that?
One example of a leftist anti-trade argument: Free trade disrupts the local culture of the exporting nation. For example, quinoa. Bolivians love quinoa. So do American health-nuts. Increased demand for Quinoa from American health-nuts is driving up the global price for quinoa so much so that it's out of reach for many poor Bolivians.
There's also the notion that domestic labor, safety, environmental, and other laws should apply to all imports. I think of all such laws, both domestically and as applied to trade, as leftist, even though they have some measure of "bipartisan" support.
I hope that it won’t compete with the attention Unbeatable will get with that release timing!
1. Will it cover war (or peace) sanctions? The common example of South Africa as an example of trade restrictions working?
2. I don’t remember if Open Borders or BBB covered objections to using GDP as a measure of economic growth and well-being. This is commonly heard with “We’re a nation, not an economy” slogans.
3. I know you’ll address the decline of manufacturing jobs, but Google Gemini recently brought up an argument that the decline in manufacturing jobs might have caused African American single parenthood rates to climb. I had never heard that before and think that you would have interesting thoughts on that considering your interest in the success sequence.
Please cover how other countries manipulate free trade to strategically hollow up their unfriendly, eg buying up and closing down steel, or medical supplies, leaving their adversaries defenseless. Or govts get creative with non tariff barriers like carbon taxes, goods and services taxes, consumption taxes on foreign digital media ...that may all deserve "reciprocal taffifs".
As many in towns along the northern border will affirm that snake's head is further north and much closer to its tail. What trade the snake hasn't blockaded from its largest historical partner, individual Canadians have cut off by not travelling to the U.S. and directing personal spending elsewhere.
NONE BETTER than Boudreaux! Also: Mark Thornton of the Mises Institute. He IS a past master of the blockade(s) to which the South was subjected during the War of Northern Aggression. Hope Caplan/Boudreaux will consult him.
Please cover trade restrictions done in the name of national security, the claim that tariffs contributed to 19th American growth, and "tariffs for revenue" as a replacement for other taxes.
I'm glad you're doing this, Bryan.
The one thing that surprised me is your statement that the Trump tariffs are costing you hundreds of thousands of dollars. How do you get that estimate? It seems like an overestimate by at least an order of magnitude.
Maybe he was referring to the stock market dip that day?
That could be. But when Trump reversed course, the stock market took back virtually all of its gains and has increased since then.
That would be my guess. I lost HUNDREDS of dollars that same way/day.
HUNDREDS.
At least I WAS rich. A LITTLE bit.
It would be wonderful if you could add a section on effect of free trade/trump tariffs on developing countries.
Good idea! At the EXTREME end, though not first imposed by Trump, is a full trade blockade. Take Cuba, for example. The US blockades en. Not Canada, though. Hence hwhy I was able to visit Varadero and Havana. How does Cuba feel about the Americans' blockade? Well, they have propaganda Billboards along the side of the highway instead of advertising BillBoards. (Cause they're a Communist country. Of course they do!) One Billboard that stood out to me, said: "Bloqueo: El Genocido mas largo de la historia". Maybe a BIT of an exaggeration. But maaaaaaan, they HATE it!
But not only that, you can talk about how developing countries' own tariffs hurt them and restrain their growth. For example, in the Philippines, flight attendants smuggle groceries from Singapore, there is a black market of onions, coke had to start cutting its regular Coke with aspartame, etc.
I'm also kinda curious: How did the left and the right switch sides on trade? I seem to recall back in the early 2000s, leftists were rioting at WTO Conferences, etc. So much so that on 9/11, I thought maybe there was a left-wing terrorist group responsible for the attack on the World Trade Center, before we found out that it was Al-Queda.
But now, it's the right that is very anti-trade. Is it just Trump? Or is it more than that?
One example of a leftist anti-trade argument: Free trade disrupts the local culture of the exporting nation. For example, quinoa. Bolivians love quinoa. So do American health-nuts. Increased demand for Quinoa from American health-nuts is driving up the global price for quinoa so much so that it's out of reach for many poor Bolivians.
There's also the notion that domestic labor, safety, environmental, and other laws should apply to all imports. I think of all such laws, both domestically and as applied to trade, as leftist, even though they have some measure of "bipartisan" support.
I hope that it won’t compete with the attention Unbeatable will get with that release timing!
1. Will it cover war (or peace) sanctions? The common example of South Africa as an example of trade restrictions working?
2. I don’t remember if Open Borders or BBB covered objections to using GDP as a measure of economic growth and well-being. This is commonly heard with “We’re a nation, not an economy” slogans.
3. I know you’ll address the decline of manufacturing jobs, but Google Gemini recently brought up an argument that the decline in manufacturing jobs might have caused African American single parenthood rates to climb. I had never heard that before and think that you would have interesting thoughts on that considering your interest in the success sequence.
Happy New Year, sir!
Please cover how other countries manipulate free trade to strategically hollow up their unfriendly, eg buying up and closing down steel, or medical supplies, leaving their adversaries defenseless. Or govts get creative with non tariff barriers like carbon taxes, goods and services taxes, consumption taxes on foreign digital media ...that may all deserve "reciprocal taffifs".
As many in towns along the northern border will affirm that snake's head is further north and much closer to its tail. What trade the snake hasn't blockaded from its largest historical partner, individual Canadians have cut off by not travelling to the U.S. and directing personal spending elsewhere.
NONE BETTER than Boudreaux! Also: Mark Thornton of the Mises Institute. He IS a past master of the blockade(s) to which the South was subjected during the War of Northern Aggression. Hope Caplan/Boudreaux will consult him.
Please cover trade restrictions done in the name of national security, the claim that tariffs contributed to 19th American growth, and "tariffs for revenue" as a replacement for other taxes.
Chapter 5 should be titled "Pax Mercatoria"