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Replying to Avatar jb55

Tired of cheap chinese crap everywhere. Maybe people will start saving their money and actually buy good quality stuff locally— not made with Foxconn-style labour. Low time preference.

How are tariffs on china a bad thing in this sense? I get that it’s a lot more complicated, with iphones being assembled by foxconn and the complexities of the supply chain… but still, isn’t this directionally ok? Even if we have to pay a higher price?

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slackerjoe 8mo ago

Read this: https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf

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