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  #11  
Old Jan 26th 2017, 09:38 AM
Tom Palven Tom Palven is offline
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Default Re: A Case for Free Trade

TransPacific Trade Pact (TTP) explained?

According to John Walsh, the TTP trade agreement that President Trump rejected with a stroke of the pen wasn't about free trade as advertised, but was a provocative neocon plan to isolate and weaken China, which was excluded from the 12-nation pact.

https://www.lewrockwell.com/2017/01/...h/djt-tpp-rip/
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  #12  
Old Apr 23rd 2017, 07:03 AM
Tom Palven Tom Palven is offline
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Default Re: A Case for Free Trade

US Treasury Dept. meddling with free trade and foreign affairs:
http://news.antiwar.com/2017/04/21/u...oil-in-russia/

Just another nail in the coffin of The Empire?

Probably not fake news. Hard to make this kind of thing up.
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  #13  
Old Apr 24th 2017, 06:02 PM
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Default Re: A Case for Free Trade

Quote:
Originally Posted by Tom Palven View Post
TransPacific Trade Pact (TTP) explained?

According to John Walsh, the TTP trade agreement that President Trump rejected with a stroke of the pen wasn't about free trade as advertised, but was a provocative neocon plan to isolate and weaken China, which was excluded from the 12-nation pact.

https://www.lewrockwell.com/2017/01/...h/djt-tpp-rip/
That particular viewpoint was laid out six months ago when the Democrats rallied to oppose TPP. It would seem this John Walsh fellow is just cribbing this argument from some others.
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Old Aug 9th 2019, 04:57 AM
Tom Palven Tom Palven is offline
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Default Re: A Case for Free Trade

In their classic work, The Calculus of Consent: Logical Foundations of Constitutional Democracy, 1962, p. 250, James Buchanan and Gordon Tullock stated that:

"...the simple fact is, of course, that in normal trade all parties gain; there exist mutual gains from trade. The great contribution of Adam Smith lay in his popularization of this simple point..."

And yet, Trump is now promoting protectionism.

It should be pointed out that many economists believe that the Smoot-Hawley Tariff Act of 1930 exacerbated what may have been a typical blip in the business cycle and help promote The Great Depression.
https://www.britannica.com/topic/Smo...ley-Tariff-Act
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Old Aug 12th 2019, 05:57 PM
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Default Re: A Case for Free Trade

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And yet, Trump is now promoting protectionism.
It is hard to offer any meaningful criticism of any of Trump's enacted policy positions for the simple reason that Trump doesn't have a clue what he's doing.

The US is on the losing end of every one of Trump's trade-wars. These are 'self-inflicted wounds' to the US economy.

Trump's silly trade war is projected to cost the average American household approximately $500 for 2019 alone - slightly higher for 2020.

Trump is moron. How the American people elected this idiot as president is beyond me.
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