"Fred Weiss" <fredweiss@[EMAIL PROTECTED]
> wrote in message
news:254431a3-ba55-4066-8e1d-f380567756ee@[EMAIL PROTECTED]
> On Jan 30, 10:14 pm, Bret Cahill <BretCah...@[EMAIL PROTECTED]
> wrote:
>
>> > Higher prices are inevitable and the most obvious.
>>
>> But you also get higher employment higher productivity and more money
>> to pay the higher prices.
>
> The effect of tariffs is unemployment and lower productivity - all the
> time and every time. No exceptions - at least to those who can grasp
> the whole of an economy, not merely one tiny segment of it (as if that
> segment operated independently of the rest).
>
> Productivity is improved - and demanded - by competition which is
> deliberately reduced by tariffs. That's their purpose. "Please protect
> us from competition" is the cry. Lower productivity means higher
> prices. Higher prices means we have less to spend. If we have less to
> spend, the result is unemployment.*
>
> Furthermore, every distortion in the market produces other (sometimes
> unanticipated) distortions which require fixing which requires more
> distortions and more fixing....etc. etc. You end up with a tangle of
> distortions which no one any longer can figure out but which have the
> net effect of strangling an economy, the strangulation in direct
> pro****tion to the extent of the distortions introduced.
>
> But that then becomes the true desired outcome because it requires an
> army of bureaucrats and lawyers to understand and enforce it. There
> definitely you get higher employment. But if you call that productive,
> you clearly have no grasp of what that concept means.
>
Well Fred W, if you can grasp the above notion about "productive" then
surely you can grasp the fact that the Stock market is *not* productive,
or
creative :)
See, it;s easy huh?
> *What about those who are put out of work by the competition, you
> might ask?
Breaking into your home to steal your new plasma TV? <smile>
Easy, they find work where they are needed and wanted - at
> companies which are successfully competing, perhaps even offering
> entirely new products and services which make our lives easier and/or
> more fun and which we can now afford because we're spending less on
> products previously produced here but which are now supplied much less
> expensively from abroad.
>
> Fred Weiss
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