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Free Trade and the Steel Industry
YouTube ^ | 1978 | Milton Friedman

Posted on 10/09/2011 1:37:52 PM PDT by Toddsterpatriot

Milton Friedman shows the stupidity of tariffs.


TOPICS: Business/Economy
KEYWORDS: economy; global; tariffs; world
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To: Cringing Negativism Network

I’m pretty sure we don’t need fleets of B-17s to launch nukes today.

Did you ever find how much we use for defense today?
Or are you still using feelings instead of actual data?


121 posted on 10/09/2011 5:03:11 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: central_va

We are? We have free trade?

Tell me, what do you think free trade is?


122 posted on 10/09/2011 5:03:11 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: central_va

Wow, that’s a lot of steel.
How much do they use for defense?


123 posted on 10/09/2011 5:04:38 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: FromTheSidelines

I already explained it to you.

You’re not exactly the brightest led in the flashlight, are you?

Import tariffs ... tax our competition.

Benefiting American manufacturers. Which provide American jobs, for American workers, who deposit their direct deposit into US banks.

Sorry to tell you, but it looks like your bulb is burned out...


124 posted on 10/09/2011 5:05:15 PM PDT by Cringing Negativism Network (Santorum: Plan B to a certain Grizzly.)
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To: driftdiver
Yes, China and India love free trade deals. its helped them build their countries.

We have free trade deals with China and India?

When did that happen? You have a link?

125 posted on 10/09/2011 5:05:48 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Cringing Negativism Network
Import tariffs ... tax our competition.

Sorry, you're flat out wrong. If you want to make up your own fantasyland, you're on your own. Really, you need to learn something. Ignorance can be fixed, if you really want to quit being a dolt.

126 posted on 10/09/2011 5:08:26 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: Toddsterpatriot

He’s probably referring to “most favored nation” status.

You know. Where we open our markets but still can’t sell to them?


127 posted on 10/09/2011 5:09:13 PM PDT by Cringing Negativism Network (Santorum: Plan B to a certain Grizzly.)
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To: FromTheSidelines
US Tariff Duties on Top Imports from China

Among the top 10 Chinese exported products to America, only LCD television screens from China (HTS code 8528.72.72.50) is charged with tariff duties. The duty rate is 5%. Based on that 5% rate, the U.S. government collected $219.2 million in tariff duties ($4.4 billion times 5%) on that one product category. All other top 9 exports from China are duty free.

128 posted on 10/09/2011 5:09:40 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: FromTheSidelines

Am not.

(about as substantial as your post)


129 posted on 10/09/2011 5:10:20 PM PDT by Cringing Negativism Network (Santorum: Plan B to a certain Grizzly.)
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To: Cringing Negativism Network

Tell us again how a US tariff on imported goods isn’t a tax on US consumers. Please.

You’re being stubborn, or you’re purposefully staying ignorant. Either way shows you’re not conservative...


130 posted on 10/09/2011 5:14:42 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: central_va

So you want to increase the taxes US consumers pay on imported goods.

How are we going to tax ourselves into prosperity? It’s a simple question, and directly addresses what you want to do.


131 posted on 10/09/2011 5:16:17 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: FromTheSidelines

No need, you just did.

Nicely said. Now go buy something American.


132 posted on 10/09/2011 5:16:57 PM PDT by Cringing Negativism Network (Santorum: Plan B to a certain Grizzly.)
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To: Cringing Negativism Network

Obviously $166 oil is better for our economy than $83 oil.


133 posted on 10/09/2011 5:18:39 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Presently only about 30% of all import goods are subject to tariffs in the United States, the rest are on the free list. The “average” tariffs now charged by the United States are at a historic low. The list of negotiated tariffs are listed on the Harmonized Tariff Schedule as put out by the United States International Trade Commission.[13]


134 posted on 10/09/2011 5:20:11 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Toddsterpatriot

the famous comeback ‘do you have a link’.

great debate style there


135 posted on 10/09/2011 5:20:18 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Cringing Negativism Network
Go educate yourself. If you dare, that is...
136 posted on 10/09/2011 5:22:14 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: FromTheSidelines

Sorry globalist, I’m not registered in your class.


137 posted on 10/09/2011 5:23:26 PM PDT by Cringing Negativism Network (Santorum: Plan B to a certain Grizzly.)
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To: FromTheSidelines
How are we going to tax ourselves into prosperity?

Consumption taxes are good, as a matter of fact the USA lived on them for the first 80 years of its existence. If the tariffs collected off set the comparative advantage of using third world labor, around 10%, I would say that would be taxing our way to sanity. China can't retaliate because their tariffs are already sky high.

138 posted on 10/09/2011 5:25:56 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: driftdiver
the famous comeback ‘do you have a link’.

great debate style there

When I see a stupid claim with no backup, asking for a link is nicer than telling the other poster what an utter moron they are.

139 posted on 10/09/2011 5:27:29 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: central_va
Interestingly, we're close to the 10%. Tariffs brought in $132 billion. And we had about $1.3 trillion in imports. So we're at about 10% right now...
140 posted on 10/09/2011 5:34:28 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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