And I've been making the argument for years that the size of the crash is proportional to the size of the stimulus.
Since 2008 we've borrowed 25 trillion, printed 7 trillion and kept rates way below historical norms.
So the size of the stimulus dwarfs anything in history. It's amazing we've managed to keep the bubble going this long.
And the terms to enter the US would be the same as the current US residents are living under so you'd still be forced to get vaccinated. So your secession allowance has done nothing except given yourself an excuse for government tyranny.
You're missing the point. We don't have to compete with China. We can just take advantage of the cheap stuff they're selling us. We don't need to sell anything back to them.
The idea that we need the government to ban stuff because we might become "reliant" on it is wrong. Using that logic you'd ban the steel coming out of the ground. What about a company that sells a product cheaper and better than anyone else? Do we need to break them up because we'll become "reliant" on them. Are you in favor of antitrust laws? There's always risk in a free society. It should be up to individuals to decide it they want to take the risk, not a government central planner.
Ultimately I'm offended that anyone would use government force to prevent me from trading with someone else. Maybe the economic argument is hard to understand but the moral one is easy.
You can use that excuse to implement any sort of totalitarian rule. Forced vaccinations are ok because you can secede if you don't like them. 100% tax rate is fine, because you can secede.
Who gets to define which country is an enemy? See the problem there?
The Biden Regime decided Russia was the enemy and then blew up the gas pipline to Germany to prevent trade. Using your logic that would be ok.
Besides that you missed the whole point. The point is it getting cheap stuff HELPS us and HURTS them.
I've heard a lot of people say the problem with free trade is that it only works when both countries are allowing trade. That's wrong. For example even if China sells to us but doesn't allow us to sell to them, it still benefits us (and hurts China).
Suppose in the US, a strange new volcano started spewing perfectly formed free high grade steel. Should the US ban the free steel because it would hurt US steel manufacturers? Or use that steel to make other products cheaper, like cars for example?
If a foreign country sells us cheap stuff we should say thank you. Not ban it.
Yeah but your cause and effect is wrong. During most of that time we didn't even have an income tax. The US was by far the most free economic country in the world. Our government was tiny. That's why we became an economic power. Not because we had tariffs. I'll agree that a tariff may be the least damaging way to fund government. So if you want to massively cut government spending and eliminate the income tax then yeah, a tariff might be best.
Bottom 10 countries ranked by trade freedom (heritage economic freedom index)
North Korea
Sudan
Bhutan
Venezuela
Barbados
Central African Republic
You're typing on a computer made in china. If we stopped trading with china your standard of living would probably be cut in half. The average person would have to sell their house and their second car and move to an apartment just to afford food.
Name one protectionist success story in history.
I don't think "they" have a secret plan. I think it's a natural result of democracy and the ability to borrow and print. Voters vote for free stuff so the natural tendency is for government to grow. I think because of the US's status as a superpower along with the belief that the dollar can never fail, we've gotten away with voting for free stuff for a lot longer than normal.
I agree, although technically money printing IS inflation and the primary cause of it is government spending.
I also agree that the Fed is the root cause of the unchecked growth of government. If the government couldn't print it they'd have to get it by borrowing or taxing and the voters would get pissed off.
But that doesn't mean the president should be trying to set spending records just because the Fed is going to cover for him.
I don't understand your point. It doesn't take a rocket scientist to know that we're broke and by far the biggest threat to our liberty is government spending. Just veto a couple spending bills. I'm not making perfect the enemy of good. But Trump is bad. Just not as bad as Biden.
Assuming Trump gets re-elected, I'll be curious to see the excuses of Trumpsters when we get price inflation worse than under Biden. Remember that the root cause of inflation is govt spending.
Trump is less bad than Biden, nothing Trump did was as bad as Biden's attempt at forced vaccines, or the war in Ukraine. But dang, he signed off on doubling the size of government. I can't forgive that.
I'm not talking about covid. Obama increased spending by 464 billion in his 8 years. Trump increased spending by 466 billion in his first 2 years!
https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays
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