Lowry: *Contra* Trump, We Need Cheap Stuff and Lots of It
I still, in my gut, don't see that Trump is obviously wrong about this sort of thing. I realize that I'm at odds with the vast majority of economists--the people who actually know about this stuff. So I'm perfectly willing to admit that I'm likely wrong. And if I could just push a button and make Trump change tracks, I'd probably do it.
But, in my gut, I just don't see that he's wrong about short-term pain being worth the alleged long-term gain. I'm not saying I'm right. I'm willing to concede this one to the mass of experts. But I'm honest enough to admit that I don't really get it. I could see this one going either way--left to my own devices. So maybe that's something, at least.
But, in my gut, I just don't see that he's wrong about short-term pain being worth the alleged long-term gain. I'm not saying I'm right. I'm willing to concede this one to the mass of experts. But I'm honest enough to admit that I don't really get it. I could see this one going either way--left to my own devices. So maybe that's something, at least.
Needless to say, there are all sorts of things that are true but don't make sense to the layman.
Kinda seems to me that most of the arguments I see are arguments to the effect that, if countries A and B don't have any tariffs on each other, country A is better off not imposing any on B. But that doesn't seem to be the situation we're in.
Anyway. Not only could I be wrong on this one, I'm probably wrong.
And so, then, is Trump.
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