Sasse is an a$$.
So where was Sasse when farmers’ grain lost over 50% of its value under Obama?
Yeah..., tell me about all the "Price Supports" where farmers are paid NOT to grow certain crops..., never heard any stories about those payments being refused! Have you?
So they finally admit that consumers ultimately pay taxes on businesses.
“but to bank failures”
The bank failures had nothing to do with Smoot-Hawley, as it was passed in 1930, not 1929.
Nice try, jerks.
Trade retaliation due to S-H was responsible for maybe 5% of the deflationary pressure after 1929 but most of the problem was due to the refusal by the Fed to do their job and increase credit to the member banks that were failing. Once confidence in the Ponzi scheme was lost, the bottom fell out from under them.
In the last recession Bernanke went absolutely the opposite direction and did in fact manage to reflate the economy, but of course at the cost of massive national debt.
Without going into the larger debate of whether fiat money and reserve banks make sense, the basic systemic facts are that these things are what made the Depression, not international trade restriction.
The United States have free trade: across state lines. Does it make sense to extend that to the world at large? Only if everyone plays by the same rules, and only if the populace of the nation agrees that it’s in their interest.
Thus tariffs exist, and in general, if well managed, benefit us.
More crazy, anti-Trump ravings.
Hatred for our President just oozes out of every word these intellects write (you know, impressive sentence like “the protectionist win-lose jibber-jabber will vanish amidst legitimate talk way beyond win-win. It would be a situation of win-win-win-win….”).
Screw them and the donkey they rode in on.
Trump’s secret identity is Edmond Dantès.
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Sasse and his croney never Trumpers are balless losers. They are having a hard time coming to grips with Trump’s art of making deals. Sad.
Sasse is a good friend of Jonah Goldberg’s—which should be all they need to know.
They snicker together about their anti-Trumpism (on Jonah’s podcasts).
I'm tired of this crap.
Trump is a smart, smooth leader who is going exactly where he wants to go and is pleasing more than half the US as he does so. No need for name-calling. He is probably the best president this country has had in my lifetime. I think I put him above Reagan at this point.
Sasshole turned out to be a real POS.
The author appears to call unilateral open (non-tariffed) trade with protectionist partners “free trade”. I disagree, and so does President Trump.
The smarm is strong with this one.
Any entrepreneur can see that Trump is executing the art of the deal.
In order to bring countries to the table, he has to show them how bad things could get. He does this by puffing up and making everyone think he’s capable of anything. Then they are surprised he is reasonable in person.
The author is (almost) figuring that out. He should read Trump’s book.
He’s such a Sassehole!
Unlkike Obama and others, Trump realizes his policies will have some short-term consequences and he tries to remedy them so as to not have to deep-six the policies that will eventually bring back some heavy duty manufacturing and put us back on a tangible wealth basis instead of the service based house of cards we have become...
We already throw away tons of tax dollars on farm subsidies. Its odd to start complaining about 12 billion dollars, which is hopefully a one time pay out.
This is a gross oversimplification. The assumption is that others have accumulated currency and the only option for them is, eventually, to purchase your goods and services.
But that isn't the only option. Giving others calls on your assets, e.g. mortgaging your house, to pay for present day consumption is, according to Ricardo, among other classical economists, a sure path to ruin.
And the difficulties mount with more recent theories, which discuss such things as increasing returns to scale, the origin of economic advantage, etc.
Trump’s secret identity: He DID say, “I am Batman.”
Could we see who owns Sasse through their campaign contributions to his past campaigns? My bet would be Big Ag, the Chamber of Cronies,the meat packers and other lobbyists. If you are going to attack the President of your own Party, there has to be money involved or you are simply a Fake Republican.