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  • CaptUSA's Avatar
    Today, 03:44 PM
    Well, I'm out for the weekend, but since we're acknowledging things, I should acknowledge that I made it sound like James lost his time and materials without compensation.... He still lost them but he was compensated. It's not "stimulating" like his profit because there was an equal loss, but I should have acknowledged it. In any case, his net benefit is $10, but the difference is whether American has both the chair and the time and materials, or the chair and waning FRN's. Seems like there's no need for expensive protectionism in any case. Enjoy the long weekend!
    61 replies | 2464 view(s)
  • Invisible Man's Avatar
    Today, 02:34 PM
    The MAGA crowd will not like this one bit.
    4 replies | 185 view(s)
  • CaptUSA's Avatar
    Today, 12:44 PM
    :) I noticed you skipped this part... You can use your math, if you can make it work. You also didn't address the cost of creating and implementing the tariffs that is borne by Americans.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
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  • CaptUSA's Avatar
    Today, 09:31 AM
    When I worked on the railroad in PA, I ran the EMD-SW1500. 1500 hp electro-magnetic diesel. The diesel engine charged the lead acid batteries and those powered the motor. 1.2 megawatts of output. Electric motors are very responsive and very efficient. But the diesel did the work of giving the power to those batteries! lol - today, they'd call that a hybrid. (interestingly, when the diesel engine cut out, you could still run off the batteries - for about a minute or so, depending on the load :D)
    640 replies | 58141 view(s)
  • CaptUSA's Avatar
    Today, 09:27 AM
    At the risk of continuing a trolling operation, it may be instructive to anyone who seriously wants to understand this... This is a basic misunderstanding of economics. Wealth is created due to the discrepancy in subjective value. I valued the chair at $70 (really probably somewhat more than that since I was willing to trade) and James valued it at $60 which is why after the trade, he ended up with a profit. That's precisely how wealth is created. Again, that same basic misunderstanding. Money is a measurement of wealth - not wealth itself. I exchanged my measurement for something of greater value, so I increased my wealth. And because I added wealth to myself, I added wealth to America in the aggregate. Using your misunderstanding, wealth could never be created internally because it's like passing money from my left hand to my right hand.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    Today, 08:55 AM
    As a tool, electric transportation has benefits for certain use cases and significant drawbacks for others. I can certainly see electric being the dominant method of urban travel in the future. But to expand much beyond that, you'll need dramatic technology advances that are still far off. And without the subsidies, even urban electrification is cost-prohibitive. As for battery exchanges, it comes up a lot in discussions - especially on the medium/heavy duty side... But that has drawbacks, too. It's unlikely going to happen anytime soon on the light duty side. Constantly connecting and disconnecting batteries of that size creates problems when the operation is not well controlled. It's not as easy as exchanging a propane tank. Then, there's the ownership/lessee arrangements. Not insurmountable, but I'd expect electrified robotaxis that return to a hub to charge when needed to preclude the need for exchanges.
    640 replies | 58141 view(s)
  • CaptUSA's Avatar
    Today, 04:43 AM
    Who said electricity was bad??! Right tool for the right job.
    640 replies | 58141 view(s)
  • CCTelander's Avatar
    Yesterday, 10:01 PM
    You make a compelling case. I may have to invest. Need to make some money first, but …
    61 replies | 2464 view(s)
  • CCTelander's Avatar
    Yesterday, 07:00 PM
    Why would a male porn star branch out into manufacturing lawn chairs? ETA: Wrong spelling apparently. In that case why would a dead actor branch out into manufacturing lawn chairs? Even more curious as to HOW he might accomplish that feat.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    Yesterday, 04:16 PM
    Wait, what?! I showed what James and I had before the transaction and then after the transaction. To simplify it even more, I gave James $10 for nothing so he'd still make the same profit AND he kept his time and materials! I still got a chair and a donation to Jim for $70. Any which way you cut it, it's an increase in wealth for America. You used a bunch of logic gymnastics to arrive at a conclusion you wanted. But it doesn't make any sense. It doesn't matter if James bought the materials or not - if he bought them, he'd still have them; if he didn't buy them then he'd have his $40. As for James' surplus in time - yes, he'd have to figure out how to utilize that time, but at least he has that opportunity! I DO want industry! Wealth creates more industry! I showed you how that transaction abroad not only saved me $10 to donate to James, but he also kept his materials (or didn't have to buy them) and he has time to labor elsewhere. You can argue that this surplus of wealth will also be spent overseas and James won't be able to find something else to do, but you can't plausibly argue that the wealth has not increased! Since wants are unlimited, I know that James CAN indeed use his skills elsewhere. And you would rob that industry of James' skills. It's the seen vs. the unseen, brother. It really works. Protectionism will help James, but it hurts everyone else and it harms the wealth growth of our nation.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    Yesterday, 12:23 PM
    What's her name? :D (sorry, couldn't resist)
    640 replies | 58141 view(s)
  • CaptUSA's Avatar
    Yesterday, 07:44 AM
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  • CaptUSA's Avatar
    Yesterday, 07:40 AM
    For AF...
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  • CaptUSA's Avatar
    Yesterday, 06:46 AM
    Let's simplify it more... American only starting position: James has $40 in materials and let's say an hour of labor valued at $20. I have $70. American only ending position: James lost his materials, used his time, but has $10 in profit I lost my $70 but have a $70 chair.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    05-22-2024, 06:40 PM
    A few things... First, you are forgetting about the $40 of unused material that James still has if you bought this chair from Li Zhao. That material can be used to serve other needs. It is wealth that was not consumed. Secondly, the $10 I saved will be spent on something else. So in addition to the chair and James' unused materials, I can also buy $10 more worth of other goods someplace else. Let's say a haircut. Now I have a chair and a nice haircut and James still has his materials to sell elsewhere. And my barber has one more client that day. Finally, there's the case of what Li needs to do to make his FRN's worth anything. He needs to circulate them back to the US. So, for $70 I have a chair and a haircut, James still has his materials, my barber Jim is gainfully employed and Li has an incentive to turn his FRN's into usable goods or services.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    05-22-2024, 04:56 PM
    Per usual, you don’t fix a government problem with more government. That being said, efficiencies increase profits AND consumer value. They both would have increased MORE without government meddling.
    61 replies | 2464 view(s)
  • Invisible Man's Avatar
    05-22-2024, 12:26 PM
    Even if you support tariffs, you should also support having them be voluntary. They shouldn't be imposed on people who don't support them. If we didn't have tariffs, those of you who support them could (and would, provided you are sincere) just voluntarily send extra money to the government every time you buy something from someone from a different country. I'm sure that all of you who think tariffs are too low have already been doing this, unless you don't really mean what you say.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    05-22-2024, 11:09 AM
    I don't want to give up on you because once you understand this, it becomes obvious and you can no longer see it the other way. Protectionist tariffs hamper domestic growth, manufacturing and production. First, because politicians are incentivized to help their elite donors and it requires bureaucrats to monitor and implement correctly. Second, because it harms the American consumer who then has fewer dollars to spend on other industries which also require manufacturing and production. Since those industries are harmed at a greater rate (though, it's dispersed), the overall growth is lower than it would have been otherwise. I understand it sounds counterintuitive at first, but lots of libertarian thinking does. But once you see what's happening at the big picture, it's hard to fall back. Please don't give up on learning about this.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    05-22-2024, 09:27 AM
    Not to pick any bones here, but ALL roads lead to socialism. Democracies, corporatism, capitalism, fascism, anarchy... Any system naturally leads to more centralized control over that system. It's the nature of human interaction. Every individual, and by extension, every organization of individuals, has an incentive to grow their power and influence over things and try to "control" them to the best of their abilities. It's why a centralized government is bad because you can't opt out and choose a competitor. Don't get me wrong, I'm all about Mises. It's just that the slippery slope argument can be applied everywhere. Liberty takes eternal vigilance to stand in opposition to humankind's natural tendencies to grow power.
    3 replies | 263 view(s)
  • CCTelander's Avatar
    05-22-2024, 07:27 AM
    Well, what else would one expect? After all, Swordy is a “draconian top-down” kind of guy.
    61 replies | 2464 view(s)
  • CCTelander's Avatar
    05-22-2024, 04:21 AM
    Yes, people CAN watch it for themselves. Ironically enough, and unfortunately so wrt your claims, Ron is making the same exact point in this video that I tried to make in that last thread on this topic, namely that the higher prices invariably caused by protectionist tariffs, ON TOP OF the increased prices caused by monetary inflation are really putting the squeeze on American consumers. You tried to disingenuously claim that I said that tariffs caused inflation in that one. At least you’re a consistent liar.
    61 replies | 2464 view(s)
  • CaptUSA's Avatar
    05-22-2024, 04:11 AM
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    05-22-2024, 04:10 AM
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    05-22-2024, 04:09 AM
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  • CCTelander's Avatar
    05-22-2024, 01:57 AM
    You’re lying again. As I noted above, Ron SPECIFICALLY STATED that tariffs DO NOT cause inflation. The “adds fuel” comment was explained to mean that the higher prices caused by tariffs all by themselves add to the consumers burden when added to the higher prices caused by inflation. NOWHERE did Ron even I’m-ly that tariffs in any way cause inflation. As for the rest, your claims have been dealt with by myself and several others multiple times. Fletcher got it all wrong and his book is fit for composting and that’s about it.
    61 replies | 2464 view(s)
  • CCTelander's Avatar
    05-22-2024, 01:38 AM
    The bold above is a lie. Ron nowhere said that tariffs cause inflation. In fact he repeated several times that tariffs DO NOT cause inflation but do cause higher prices. He then several times noted that the higher prices caused by tariffs combined with those caused by inflation were really hurting American consumers. The rest of your comments are just more of the same anti-freedom garbage you always post on this topic that I don’t have the time right now to deal with. Nor the inclination, for that matter since truth on this topic falls upon deaf ears where you and a few others are concerned. I’ve wasted enough of my life trying to convince obdurately resistant people that freedom is better than their familiar, and therefor comfortable, slavery. Enjoy your chains.
    61 replies | 2464 view(s)
  • CCTelander's Avatar
    05-21-2024, 10:47 PM
    The timestamp and context of what exactly? I'm at a loss as to what you're looking for here.
    61 replies | 2464 view(s)
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    Thats great. I hope whatever you two learned sticks forever. We're really struggling financially and of course we have other problems, but we're together, pretty happy and have faith that it will be OK.
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