01-26-2018, 02:04 PM
(01-26-2018, 01:50 PM)treee Wrote: So the greatest recession, since the depression, warrants no comparisons? Okay.
It's rather a moot point since we're no longer in that recession.
Quote:And tariffs make sense on a grander scale, but not on a country by country basis. For example, if NATO decided to tariff metals coming China, that would make sense. In a world market, economic powers cooperating makes sense. Trying to go solo with economic isolationism is just asking to be left in the dust, though.
A fair point, but one with less validity when talking about the United States. Personally, I think it would be in our best interests to attempt autarky. The global market is far too dependent on global actors who game the system in their favor (China), are too volatile to be relied upon (middle East oil) or are willing to use their people as borderline slaves (India and China).
