Mid-Morning Open Thread | Main | Early Afternoon Open Thread And Gossip Hour
May 14, 2019

The Morning Rant: Minimalist Edition

punk-monkey.jpg

The current brouhaha over tariffs is amusing and unfortunately a bit embarrassing, since the idea of tariffs to strengthen the American economy has been around practically since the founding of our republic. Any student of American history will recall Henry Clay, John C. Calhoun and John Quincy Adams being supporters of "The American System," which as one of its tenets had high tariffs to protect American industry.

And the British were big fans two centuries before, so it is not some new and shocking idea, whatever CNBC and the Democrat smear campaign may have us think.

The only question that matters is: Is it good for America?

Should we compete on a level pricing playing field when the Chinese and others use slave labor to manufacture goods that they then sell to America? Or when pricing is dictated by the governments not on the basis of economics but on the basis of geopolitics?

But there is a sound argument against tariffs, and here is Cafe Hayek with a fine counter to any tariffs that disturb the relationship between supply and demand.

Yet too often when buyers shift some of their patronage from domestic producers to foreign producers, domestic producers – both firm owners and workers – insist that the state is morally obliged to force buyers to continue to purchase their products and their labor without any reduction in the prices and wages charged by sellers. These producers greedily and falsely insist that it’s bad policy for the state to allow buyers to shift their patronage to other sellers. Because those other sellers happen to be located abroad – or in the case of immigrants happen not to have passports issued by the domestic sovereign – such greedy and false insistence by domestic producers and workers is remarkably seen as legitimate, despite the fact that there’s nothing remotely legitimate about such insistence.

Tariffs and other forms of ‘protectionism’ are means of forcing buyers to act and to pay as if they agreed to terms of contracts with sellers that these buyers never agreed to and that the sellers who benefit from the protectionism were unwilling to pay for in their contractual dealings with their customers.

Protectionism is akin to changing the rules of a game in the middle of a game. It’s unfair. It’s unproductive. It’s theft wrapped in flags, and too-often faux-sanctified by specious theorizing.

The economic argument against tariffs is clear and unambiguous and damning. It's clearly not just economics though, so the question needs to be answered holistically. Tariffs have been the catalyst for war far too often to ignore how volatile they can make foreign policy. But the use of pricing power to weaken the American economy is also unacceptable, and can be reasonably seen as the first shot in a war.


******

My Twitter Feed

&topic=world_news">digg this
posted by CBD at 11:00 AM

| Access Comments




Recent Comments
LeftCoast Dawg: "413 karma is a stone bitch, geez, gotta say t ..."

keena: "@293. Word! As a mom who watched every sponge bob ..."

Tom Servo: "116 Just like every person, every suicide is diffe ..."

RickZ: "[I]karma is a stone bitch, https://pluralist.co ..."

Blonde Morticia: " TinyURL is your friend, for Chrissake. Posted b ..."

redc1c4 [/b] [/i] [/s] [/u]: "TinyURL is your friend, for Chrissake. Posted b ..."

LeftCoast Dawg: "According to the findings of a new Hill-HarrisX po ..."

redc1c4 [/b] [/i] [/s] [/u]: "when you are driving a car with a steering wheel a ..."

Deplorable Jay Guevara[/i][/s][/b]: "[i]https://pluralist.com/sean-buchanan-killed- by ..."

Blonde Morticia: " arma is a stone bitch, https://pluralist.com/ ..."

LeftCoast Dawg: "Astros win! walk off HR bottom of the 11th. ..."

Alberta Oil Peon: "Well, I am going to hit the sack. Night, Horde. ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64