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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: dennisw
Zero or virtually zero Japanese automobiles being imported in 1979.... go look it up
From toyotageek.com/toyota_tales/1977_celica_yellow_rose.html
Even though both the Sports 800 and the 2000GT came before the Celica, the Celica can be credited as Toyota’s breakthrough success in the sports coupe market.

Motor Trend awarded the Celica with the prestigious “Import Car of the Year” award upon its introduction in 1976. The Celica accounted for approximately 20% of Toyotas rapidly growing sales numbers during 1976 and 1977. During those years it was also the best selling Imported Sports Coupe in America. That is a huge market stake for a coupe. Those kind of sales percentages are unheard of in today’s sports coupe marketplace.

See also: en.wikipedia.org/wiki/Toyota#Production_and_sales_numbers - Production and sales numbers
151 posted on 10/09/2011 7:17:06 PM PDT by _Jim (Conspiracy theories are the favored tools of the weak-minded.)
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To: _Jim

hehe

The good ole days!

http://www.auto-repair-manuals.com/Import-Auto-1972-1977-Chiltons-Service-Manual-Labor-Guide.html

Models Covered:

Audi: Super 90, 100, 100LS, 100GL, Fox

Capri & Capri II

Dodge Colt/Plymouth Arrow: Sedan, Station Wagon, Hardtop

Courier

Datsun: PL521, PL510, KLB110, 240-260-280 Z, KPL610, B210, PL710, PL620, F-10

Fiat: 850 Sport Spider, 128 Sedan & Wagon, 128SL Coupe, 128 3P Coupe, X1/9, 124 Special Sedan, 124 TC Special Sedan & Wagon, 124 Sport Coupe & Spider, 131 Sedan & Wagon

Honda: 1170cc Civic, 1237cc Civic, Civic CVCC Sedan & Wagon, Accord CVCC

Luv

Mazda: RX-3, RX-2, Rotary Pick-Up

Mercedes Benz: 280S/8, 280SE/8, 230, 280, 280C, 350SL, 450SL, 450SLC, 220/8, 220D/8, 240D, 300D, 250/8 Sedan, 450SE, 450SEL, 280S, 250C, 280E

MG: MGB, MGB GT, Midget

Opel: Wagon, GT, Sedan, 1900 Coupe

Opel Isuzu: 1976 Isuzu only

Porsche: 911, 912, 914

Porsche 924

Subaru: 1300, 1400, 1600, DL, G, GL, GF, 4WD, Sedan, Coupe, Station Wagon, Hardtop

Toyota: Corolla 1200 & 1600, Carina, Hi-Lux, Corona 2000, Mark II 1900 & 6cyl & 2000, Celica, Land Cruiser, Land Cruiser Station Wagon

Triumph: Spitfire Mk. IV & 1500, GT6 Mk. III, TR-6, TR-7

Volvo: 140 series, 240 series, 164, 1800E, 1800ES, 260 series

VW Types 1,2,3,4: Beetle, Super Beetle, Karmann Ghia, Thing, Bus, Van, Campmobile, Fastback, Squareback, 411 & 412 4-Door Sedan & Station Wagon

Volkswagen Dasher/Rabbit/Scirocco


152 posted on 10/09/2011 7:36:20 PM PDT by jjotto ("Ya could look it up!")
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To: central_va

The ignoramuses of today don’t even know that tariffs were the main source of funding for decades and decades for the Federal Gov’t. Along with tobacco and alcohol taxes. The ATF (BATF) was set up to enforce the collection of those two taxes.

And as your post states, the US Customs Service was originally set up to collect tariffs not to hassle people getting off of international flights


153 posted on 10/10/2011 4:02:00 AM PDT by dennisw (nzt - works better if you're already smart)
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To: _Jim

You sir are correct. In a year like 1979 200,000 Jap import cars came in and total Automobile sales were ~8-10 million. So Japanese cars were about 2-4% of the market


154 posted on 10/10/2011 6:31:44 AM PDT by dennisw (nzt - works better if you're already smart)
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To: dennisw
Google Books

According to the above source, in 1980, Japanese imports in 1980 were 21% of US sales. Total imports were 37% of US sales.

155 posted on 10/10/2011 9:18:49 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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Click the Pic               Thank you, JoeProBono

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156 posted on 10/10/2011 10:20:15 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Arm_Bears

I’m sorry, wish you could have bought a Ford Truck.


157 posted on 10/10/2011 10:22:34 AM PDT by Moleman
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To: BenKenobi
Oh Horse poop..... Tariffs are the reason we have trouble exporting things to Asia (along with their sense of pride that they will only by Japanese, for example, products)
158 posted on 10/10/2011 10:26:52 AM PDT by Moleman
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To: driftdiver
the entire concept of free trade is only for the naive. Every country wants whats best for it and its economy. So here we are giving our stuff away. Its working so well that we don’t have a steel industry. The economy of China will surpass ours within a few years. The wealth is being created elsewhere and is not coming here.

Thank you WORTH REPOSTING!

159 posted on 10/10/2011 10:28:44 AM PDT by Moleman
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To: Moleman

Which is why tariffs are helpful to the American economy. ;)Works both ways. If we want them to drop tariffs, raising tariffs isn’t going to accomplish this.


160 posted on 10/10/2011 11:06:45 AM PDT by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
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To: Toddsterpatriot

Facts are stubborn things...


161 posted on 10/10/2011 11:09:11 AM PDT by BenKenobi (Honkeys for Herman! 10 percent is enough for God; 9 percent is enough for government)
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To: BenKenobi; Toddsterpatriot

Someone please bring me up to date as I’ve missed a lot here. I see we got people being called ‘traitor’ a lot, anyone been called a ‘child molester’ or a ‘terrorist’ yet?


162 posted on 10/10/2011 2:00:22 PM PDT by expat_panama
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To: expat_panama

Not that I noticed.


163 posted on 10/10/2011 4:53:55 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
we got people being called ‘traitor’ a lot, anyone been called a ‘child molester’ or a ‘terrorist’ yet?

Not that I noticed.

Great!  That means I get to call people those names right?

164 posted on 10/11/2011 6:14:35 AM PDT by expat_panama
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To: expat_panama

You bet.


165 posted on 10/11/2011 8:43:18 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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