• jonne@infosec.pub
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    7 hours ago

    Trump is the only person I’ve ever heard complain about the trade deficit. I don’t think even the crazy libertarians ever talked about it. It’s just such a weird obsession of his.

    • tal@lemmy.today
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      13 minutes ago

      even the crazy libertarians

      Right-libertarians would generally be some of the people most-opposed to barriers to trade. They’d be on the low-barrier end of the political spectrum.

      Both Cato and Reason had some articles up, which I linked to earlier, complaining about how tariffs didn’t make any economic sense. I thought that it was notable, because Trump was doing a lot of government-size cutting — something that one would expect them to possibly be happy about him, since they’d be the main cheerleaders for a small government — but instead both were just full of attack articles on him, angry about a number of his policies, and especially tariffs.

      goes to investigate

      It looks like now Reason has created a static “tariffs” section on their front page. The featured items are:

      • Trump Loves Tariffs. Fentanyl Is Just an Excuse.

      • In Speech to Congress, Trump Promises More Tariff Madness

      • Trump’s Dramatic Crossroads Between Protectionism and Dynamism

      • Tariffs Are In Effect. Expect Everything To Become More Expensive.

      Cato doesn’t have a tariff section, but of their most-recent four blog items, three are complaining about Trump on tariffs:

      • Freedom, Not Tariff, Is the Most Beautiful Word in the Dictionary

      • The Drug War Is Failing, So Let’s Try… Tariffs?

      • Trump’s Tariff Walkback Bows to Economic Reality but Leaves Plenty of Problems

    • rottingleaf@lemmy.world
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      7 hours ago

      “Even the crazy libertarians” should be the group least concerned with mercantilist tomfoolery.

      It’s just that the crazier and the more consistent a libertarian is, the less they are interested in mainstream politics and related personalities. It’s a hermit ideology in some sense, a full P2P society.

      About trade deficit - in general you all are correct, but in specifics it’s bad when a country doesn’t produce something important or a whole family of something important and imports that something important from potentially hostile nations. That’s why before Brezhnev USSR’s elite would try very hard to have basic production of every kind of necessary goods inside USSR.

      I’m just not sure what they are trying to prepare for and how do they expect to fix the core reasons for production of various things having moved out of the USA>

      • jonne@infosec.pub
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        7 hours ago

        Yeah, true about the libertarians, they wouldn’t be the group that would be talking about that.