In order to analyze society and the economy, especially if the goal is to force a peaceful individual. Understanding the basic economy It must be a necessity. Economics must clearly think about personal behavior and social consequences of government intervention. yes Contrario President Donald Trump just gave him. that Wall Street Journal Report (““ “Trump says that when the price of the car goes up, I can’t worry.”“ March 30, 2025):
Trump said, “I didn’t care less because I would buy American cars if the price of foreign cars rose.” “I hope the price will rise because people buy cars in the United States. We are enough.”
The president does not seem to understand that tariffs also lead to a rise in products produced in Korea, that is, in the case of US automotive competition. This is why domestic producers of customs products are happy. The high price of its own products is protected by foreign competitors. Customs “protection” Only in the case Domestic producers can get higher prices. (For more information on this topic, see the recent posts, “Basic Error for International Trade” and “Aluminum, Economy and Freedom”).)
So no one would have been surprised when it was Trump. Obviously domestic car producers warned not to rise. Under punishment. He denied this threat later (see March 30 Wsj report)::
The Wall Street Journal reported last week that the Trump warned the management that the White House would be unfavorable to such movements.
Trump told NBC.
Didn’t he do it? Perhaps he entertains the “basic overall” beliefs, and the conditions of his trade torture Peter navarro Wsj:
Navarro said, “Basically, if you look at this, consumers and Americans will get better, including all jobs.
“They” are certainly not a serious economist, and they do not speak in that term. But only “basic” intuition should be able to justify a kind of trade war that Navarro is pushing Trump.
When he used economic theory to infer such problems, Navarro is closer to reality. In his 1984 book Policy Game: How to steal the United States with special interests and ideology (John Wiley & Sons), he attacked special profits and explained how to raise the price of competitive products produced in Korea.
Without trade barriers, products from automobiles and clothing to shoes and televisions are provided to consumers at a lower price (or higher quality) than the US producer. However, if a device, such as tariffs, is imposed, importer must sell products to the US government. This actually raises the cost of importers and enforces the price of the importer to all or part of the obligation. Then, US producers can increase the price that has been raised so far by imported competition. [pp. 75-76, my emphasis]
Navarro provides other arguments that are not original and match at least a few centuries of economic analysis.
However, as pointed out in economic analysis, it is not a choice between the smoke stack industry preservation or dependence on advanced Wonder Land. Rather, it is between the industrial foundations that can be invested in fast technology development that promises the prosperous merger of the two worlds under the spur of imported competition, and inefficient, inefficient and decreasing. [p. 89]
This clear danger [protectionist] Trends are global trade wars. … And as history teaches painfully, once the protectionist war begins, the results are likely to be a deadly spiral that is fatal and well -night by the world economy.
If the world actually falls into this spiral, tremendous profits from trade will be sacrificed. Such sacrifices can be found in some jobs in protected domestic industries, but many of the home industries, which are particularly dependent on other home industries, especially export trade, will destroy many jobs. At the same time, consumers will pay more $ 1 billion at higher prices to choose a much more limited product. [pp. 55-56]
Of course, he could not blame someone for changing his opinion, and explained why he thought he was previously wrong. However, the basic intuition of Tantra New Age can not be a reasonable explanation. You can also provide sufficient justification to all kinds of politicians (see my article ”Petera’s conversion” regulationAutumn 2018).
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DALL-E and your humble blogger
