Winning
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Agreed that the typical, more realistic case is what will happen.
I’ve gotten into arguments with other keyboard warriors over this point, so it’s something I mention when tariffs are discussed.
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“Hahah how true,” the liberal said as they view this on their Chinese made iPhone.
Really revealing American racism for what it is. But please, keep it up. People are noticing, and you’re losing more voters.
Right, what a load of bullshit.
Chinese stuff is just "junk"?
Do they not realise a huge number of goods are made in China, how ignorant.
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That makes for an interesting take to things, however it's simply an inverted way to think of paying for a debt incurred. Without the repayment by government revenue you would simply have acquisition by the government without a means to compensate for it.
The materials purchased have a cost. That cost is paid by the money created by the government. If the government simply continues to create an unbound supply of money then the currency becomes worthless and you end up with a hyper inflation cycle. See places like Zimbabwe or Venezuela where at some point you end up paying thousands of the sovereign currency for basic items. That currency volume needs to be maintained at some reasonable level for it to have any meaningful exchange value to another party.
So while it may not be directly input/output as the general population would see it, you could instead see it as a credit card. A limit is available on a card and to use it you must have available credit which is freed up by repayment of previous purchases.
Now, the fed through congress has the unique ability to extend their limit on demand, that still increases the debt load and associated interest payments, which is visible in the form of treasury bonds due and payable with accrued interest to the holder of those bonds. Those bonds are public debt, often held by foreign governments, but also by private sector investors, both which are assured payment by the credit worthiness of the government. This all is why there's such a fuss when talk of the government defaulting their debt comes about, the credit rating of the government, and why we have regular fights over extending that debt ceiling.
Yes, this is all well accounted for in MMT. I recommend reading a bit more on the website I linked or on the wikipedia page about it.
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Not arguing. But why that year specifically?
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Hypothetically this could create business incentives for building local capacity, but realistically manufacturers are not going to invest with the assumption that these tariffs will be permanent. Eventually either Trump will back down or he'll be replaced by someone else, and the tariffs will end. Why invest in manufacturing when there's no long term guarantees for profitability?
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"Junk" lolol, the computer in your pocket? Or the drones capable of turning the tide in a war?
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“Hahah how true,” the liberal said as they view this on their Chinese made iPhone.
Really revealing American racism for what it is. But please, keep it up. People are noticing, and you’re losing more voters.
Nothing in the comic says expensive Chinese products won't also become more expensive
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Can't afford avocado toast anymore
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Realistically you can become president of the US with 22% of the population. https://youtu.be/7wC42HgLA4k
For more information. -
It's roughly when the US shut down practically all of our manufacturing plants and laid off the vast majority of our manufacturing talent.
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I'm approximating, but it's in that general time period when manufacturing was moving to China, and with very little concern for the American worker.
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"Junk" lolol, the computer in your pocket? Or the drones capable of turning the tide in a war?
That stuff was never cheap though
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Right, what a load of bullshit.
Chinese stuff is just "junk"?
Do they not realise a huge number of goods are made in China, how ignorant.
Nobody said otherwise
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They are cheap compared to what they would cost if they were by on US Soil by Americans
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I’m gonna guess this might be different 4 years from now. I would think it’s in the best interest of other countries to lessen their dependence on the USA for certain things.
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What is this AI dribble?
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True, but I don't think anyone expects a balanced US budget at this stage of global economics. IMO a loss of the AAA rating would tank the economy significantly and risk a massive corporate backlash. This will make the government's stance untenable and cannot simply be solved by issuing unlimited debt.
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Right? This does nothing without initatives to help people launch manufacturing start-ups
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It's roughly when the US shut down practically all of our manufacturing plants and laid off the vast majority of our manufacturing talent.
Ironically enough, a great solution to this problem would be to bring in Chinese experts to train American workers. The USD still spends.
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Realistically you can become president of the US with 22% of the population. https://youtu.be/7wC42HgLA4k
For more information.To be fair (French here), we love to make fun of your elections but ours in not much better.
We elect our president in two rounds and only keep the two best candidates for the second round. So if every candidates has around 10% of votes, two rather niche candidates could get to second round. To avoid this, it means that candidates that have compatible-ish ideas should team up on compromises but apparently that's not a competitive strategy (compromises make you look weak maybe ?
)So yeah, we can also have weird results. But at least we have a large panel of ideas that gets represented-ish (our society gets more and more polarized too, and this is frightening).
