The best time to close the barn door was before the horses ran off. The second best time is today.
Does this make sense? Especially as a plan for getting the horses back?
Markets are not computationally smooth, rather they have structure. China recognized this, which is why they've been using government policy to keep their prices low to make industries get over the activation energy of moving there. Now that those industries are there, the structure then gives China leverage which "we" (ie our leadership class) are only now waking up to. Adding some tariff friction that would have kept industry here is nowhere near the level of incentive required to bring industry back.
> We can't act like it's just too late to do anything about the lop-sided economic policies of decades-past
I'm not. There is another comment of mine in this thread pointing out how Americans have been getting fleeced for decades by not spending the proceeds of having the world reserve currency on mitigating the problems of having the world reserve currency. What I am saying is that tariffs, especially as being championed right now, are more like hopium rather than actually confronting the problem.
> we can't act like changing those policies today is nothing but
The doom part comes from having an incompetent dictator-wannabe President who is at best applying a cookie-cutter approach that is decades out of date, but more seemingly just using these levers as threats to personally enrich himself as our country burns. Which is why he is also using tariffs against longstanding allies, thus prompting them to revisit why they are harming their own economies by tariffing China.
> the political will-power to do so.
What I see is the political willpower on this topic (and other longstanding problems) being abused to not actually address those problems, but rather just to facilitate the next con job on the American people.
The best time to close the barn door was before the horses ran off. The second best time is today.
Does this make sense? Especially as a plan for getting the horses back?
Markets are not computationally smooth, rather they have structure. China recognized this, which is why they've been using government policy to keep their prices low to make industries get over the activation energy of moving there. Now that those industries are there, the structure then gives China leverage which "we" (ie our leadership class) are only now waking up to. Adding some tariff friction that would have kept industry here is nowhere near the level of incentive required to bring industry back.
> We can't act like it's just too late to do anything about the lop-sided economic policies of decades-past
I'm not. There is another comment of mine in this thread pointing out how Americans have been getting fleeced for decades by not spending the proceeds of having the world reserve currency on mitigating the problems of having the world reserve currency. What I am saying is that tariffs, especially as being championed right now, are more like hopium rather than actually confronting the problem.
> we can't act like changing those policies today is nothing but
The doom part comes from having an incompetent dictator-wannabe President who is at best applying a cookie-cutter approach that is decades out of date, but more seemingly just using these levers as threats to personally enrich himself as our country burns. Which is why he is also using tariffs against longstanding allies, thus prompting them to revisit why they are harming their own economies by tariffing China.
> the political will-power to do so.
What I see is the political willpower on this topic (and other longstanding problems) being abused to not actually address those problems, but rather just to facilitate the next con job on the American people.