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I am always a little bemused by experts who discover that any specific case of trade intervention will have an adverse cost for consumers.
Of course it will. The whole point of trade intervention – whether via tariffs, quotas, currency... https://www.scmp.com/economy/china-economy/article/3130845/china-australia-relations-consumers-pockets-both-sides-will?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3130845
I am always a little bemused by experts who discover that any specific case of trade intervention will have an adverse cost for consumers.
Of course it will. The whole point of trade intervention – whether via tariffs, quotas, currency... https://www.scmp.com/economy/china-economy/article/3130845/china-australia-relations-consumers-pockets-both-sides-will?utm_source=Twitter&utm_medium=share_widget&utm_campaign=3130845
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depreciation, low wages, weak unions, deteriorating social safety nets, or any other mercantilist or beggar-thy-neighbor policy that boosts relative savings – is to transfer income from the consuming side of the economy to the producing side.
depreciation, low wages, weak unions, deteriorating social safety nets, or any other mercantilist or beggar-thy-neighbor policy that boosts relative savings – is to transfer income from the consuming side of the economy to the producing side.
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Trade intervention simply means forcing consumers to subsidize producers, but whether businesses and households benefit in the aggregate depends not on whether consumers pay costs, but rather whether the benefits to producers exceed the costs to consumers.
Trade intervention simply means forcing consumers to subsidize producers, but whether businesses and households benefit in the aggregate depends not on whether consumers pay costs, but rather whether the benefits to producers exceed the costs to consumers.
