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Friday, August 12, 2011

Tariffist

"In a trade war, everybody loses. Some may lose more than others, but everybody loses," said Nicholas Lardy, senior fellow at the Peterson Institute for International Economics.



That's not true. Unlike Iraq or Afghanistan, we win a trade war. We're the biggest consumers in the history of the universe. A black hole for consumer goods. We'll consume you to death. At only 4% of the world's population we're responsible for 25% of the world's consumption. We're the only people we need to sell to.



Slap stiff tariffs on all imported goods and we'll fix our economy. Produce at home what we consume at home and we'll fix our economy. Restore the buying power of the great American middle class and we'll fix our economy. It's as simple as that.

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