[ExI] Free Trade

[spike at rainier66.com]

From: John Clark <johnkclark at gmail.com> 



 

> I changed on that to some extent.  I have always been a free-trade advocate and I am still.  But I changed in the way I see tariffs today is a reminder of the universality of Laffer theory.    [ ...] The US experimentation with tariffs will remind us that Laffer theory applies regardless of what form is the taxation.

 

>…Speaking of Brazil, Spike I'd be interested to hear your opinion of the 50% tariff that He Who Must Not Be Named imposed on Brazil even though the US had a trade SURPLUS with Brazil of over $8 billion. …

John K Clark

 

 

John, regardless of what country, tariffs are still taxes and is capital the government removes from the economy.  As such it is still subject to Laffer theory, regardless of the motive, the amount, the country, etc.  None of that matters.  Only how much of the GPD is removed from the economy.

 

spike

 

 

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