You need a PLUS account to view this content. Try one month of PLUS for FREE.
Already have an account? log in
No One Likes Uncertainty
This may not have occurred to every "very stable genius" in the world, but deliberately creating one
I had a small epiphany this morning that everyone reading and responding here undoubtedly understands, using imports to keep prices down is a deeper concept than it may appear to many. Resources around the world are more scarce that ever, food, water, energy, natural resources and so forth are all over the world, but few are perpetually available or universally distributed. Best to get what we need from those who have them rather than using up our shrinking supply. Purchasing products from China, for example, keeps out prices down because their labor and other costs are cheaper than corresponding ones from here. Obvious perhaps, but in a country like China there is more to it than just the obvious. To produce our goods for us requires China to create housing we don’t overtly pay for, power, food, water, fixed capacity and other things that must be fully utilized to create maximum operating leverage and income for them. What ever resources are required to build goods for export to the US are at least somewhat inefficiently gained and we benefit from that inefficiency, something that would penalize us if we produced these goods on our own. Furthermore, China and others who send us exports are the ones who have to take the biggest hit when there are global downturns. All these countries Trump thinks are cheating us and stealing our precious bodily fluids (apologies to Dr. Strangelove) are, in reality, putting their own resources at risk and saving our own capacity from being used up, while saving us money.
Given the recent examples set by corporate America (led by the Mag 7), I believe your Exhibit 2 needs to include cash spending on a new category covering inaugural parties, vanity TV/movie projects and presidential library donations.