Every job brought back by a tariff costs the population more than the productive value of that job on the open market.
If that wasn't true, the corporations would have already moved the job there without the tariff. That would have been the highest profit place to have the worker.
🙌
but if there is a hot war and the productive capacity of a country has been farmed out to an adversary, so maybe a national security reason to reshore a manufacturing base.
But won’t tariffs also introduce a lot of uncertainty going forward—because it changes the incentive structure between nations?
The issue is, governments on both sides making sure most of the money goes to the elites rather than building up the population of the poorer country.
If they weren't siphoning off the top the income inequality between the two trading nations would always trend towards 0.
A problem that solves itself, as long as your leaders aren't a crooks.
is there no distinction between productive value and total value?
You mean like wasted opportunity value?
Fake value?
Politician value?
Fiat value?
Argentina 1950 is back bitches!!!
not branded as US 2024
