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christopher
@christopher
1. Autarky is bad. Most people haven't heard the term before because we got rid of it through decades of international economic forums. The USSR was an autarky. 2. Using this "instrument" will slow trading volumes so much it will crash all markets. 3. All economists agree tit-for-tat tariffs is a winning strategy.
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christopher
@christopher
Being "self-sufficient" in our economy means you are going to buy a lot less. Which means our GDP goes down. Our export trade goes down. Which means you need more dollars to buy the same thing outside our manufacture. We get chips from Taiwan. Now we can only buy from Arizona. They are also 10x more expensive. See?
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bgrill.eth
@bgrill.eth
I think implementing targeted protectionist trade policy to support certain domestic manufacturing priorities could be a long term win. But this is autarky via kakistocracy.
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