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Yeah but THEY didn’t have the TECHNOLOGY we do to be able to RAMP UP our DOMESTIC PRODUCTION! So it’s a GOOD THING that President Elon Musk and First Lady Donald Trump HAVENT been Cutting US Investing and Production!
They don’t care what it does to people, it makes some rich people richer like the alcohol prohibition
Wait. I just realized something. One of the significant reasons humans are such amazing creatures compared to the other species is our generational knowledge we can pass down. But we have a saturation point. We need consciousness information downloading. Not immortality. But a way to download Wikipedia to our brains. That’s the next step.
The solution to that historically has been urbanization, which allowed people to become specialists in a chosen field. They get to absorb all the knowledge in a specific field of expertise, and then a select few are smart enough to push it further.
Unfortunately we haven’t really managed to apply this to politics yet, because those who are specialists in getting elected aren’t necessarily specialists in governing either. Nor are they likely good at governing everything, maybe just a specific part. But picking who is suitable enough is not done by specialists but by the general public, which is both democracy’s strength and weakness.
Agreed. It’s so tiring actually navigating Wikipedia. I just want a megacorp to select the best bits and inject them directly into my brain when they see fit!
But make sure they take out anything that would negatively affect their company!
I don’t think it will work. Some knowledge you just can’t acquire without lived experiences.
Sure. But you don’t need lived experiences to have full knowledge of economic histories or previous laws that have failed and should not be brought back. “Lived experiences” is just another bandwidth problem for most.
So basically ai chips.
Possibly. I think that might be a temporary stop gap until we get to bio engineering. I doubt we are going to integrate with AI
Or vampires.
???
Doritos.
economy collapsing and all we do is eat hot chip & lie
You can be bisexual too (until the camps for us filthy gays open)
Don’t worry. I’ll bath in the blood of the wicked to protect you. If they come for my gay autistic god son. I will eat the throats of the ones who step through that door looking for war.
The last tariff I personally remember was the 1983 motorcycle tariff signed by Reagan. The Yamaha Virago was seen as such a threat to Harley-Davidson that they pushed for and got a tariff imposed on imported motorcycles over 700ccs engine displacement. Yamaha’s answer was to reduce the engine displacement from 750 to 699cc. The 250cc Virago is still in production today, though they install a straighter handlebar on it and call it a “V-Star 250.”
I feel like those 80s motorcycle tariffs are why the US motorcycle industry is so uncompetitive today. In the 80s, HD got fat my making bikes that wouldn’t be viable anywhere else in the world. HD didn’t have to compete because tariffs guaranteed their market. Meanwhile Honda, Yamaha,. Kawasaki, Suzuki were developing a lean, lightweight model, we saw the convergent evolution of the Universal Japanese Motorcycle and lean production processes. It was specifically those tariffs that made the big 4 what they are today - basically unstoppable.
Targeted tariffs are regularly used for specific reasons. We just don’t normally go all AoE with tariffs.
But this one is different… … … I just can’t remember how… but I know they said this one is different, so it must be… right?..
Edit: autocorrect
Glorious leader is a billionaire. We will be fine. He won’t even take a paycheck!!
This one is going to work /s
The definition of stupidity is to try things that failed in the past again in the hope to get a better result.
Insanity actually
This is what happens when a populace isn’t properly educated.
Prepare for this country to be on a downward slope for the rest of our lives. That’s the most likely future for us.
The brain drain can already be seen, most have already moved abroad, or are waiting to.
angrily looks at the “verified” badge
It’ll work this time… trust me bro!
Third time’s the charm right? Right!?!?
💀
If I recall my history right, the 1929 stock market collapse precipitated the Great Depression, and the tariffs were a (misguided) attempt at trying to set the economy straight.
https://saifedean.com/the-fiat-standard-chapter-11
This ones got a good section on the great depression.
“The imposition of trade barriers in turn resulted in a further deterioration of economic conditions in the countries imposing them, even as their own citizens suffered from these very policies. The governments imposing such barriers, and the economists advocating them, would of course never admit that inflation, increasing centralization, and protectionist policies caused the progressively worsening depression. Instead, political leaders blamed other countries and local ethnic minorities. Years of scapegoating and growing hostility toward foreigners and minorities came to a head in 1939. The world’s totalitarian fiat regimes began to turn on each other and on their ethnic minorities. Hayek had identified this threat to global peace in his “Monetary Nationalism and International Stability” lectures in 1937.”
Did it make it better or worse?
In case you are seriously asking this is from Wikipedia.
Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.
Soooo much much worse.
I figured as such but since he was saying OP was wrong, I thought it worth asking.
The causality there is misleading. We really don’t need any sort of misleading to criticize the cheeto. There’s plenty of legitimate points to make.
Ferris bueller kinda called this one.
The bueller… bueller… bueller bit is preceded by ben stein explaining the Hadley snoot tariffs to a visibly bored and distracted classroom.
From Smoot-Hawley to Bueller-Trumpy.
Dont let facts get in the way of a cheeky social media post.
There’s in general no way this can work long-term. When nations cooperate, they both benefit. If you’re the only nation not cooperating with everyone else, then everyone else will surpass you until you’re North Korea levels of yesteryear.
My macroecon book, which was written by a guy from the Bush administration, hit us over the head with that concept.
It’s strange to thing that he’d be considered a pariah by his party’s leadership now.
Looking at this through the lens of “how can the oligarchs benefit”, it makes complete sense - Strip all government assistance, remove social nets, add tariffs that will basically kill most small businesses (think also farms, mom and pop shops, etc). Lead to depression, billionaires swoop in and buy up land/homes/business for pennies on the dollar (or just basically crush small businesses to get them out of the way). One couldn’t design a better way to fuck over everyone and enrich the oligarchs
Yup, a fire sale for oligarchs.
1930 was about money supply. That’s when bitcoin and all the other crypto coins will be handy.
If there was only Bitcoin sure, but every time someone out there creates a shitcoin, it increases money supply, distracting people away from Bitcoin and gold. That’s why it will still be a bloodbath
Be the change!™ Spread awareness of shitcoin scams. Friends don’t let friends hodl shitcoins!
