- Caplan sez: Economics knowledge and IQ increase support for free trade.
- Foseti on Caplan
- Aretae on Free Trade
- Sonic Charmer on double-agreement
- Foseti expanding
- Sonic Charmer doubling down
Finally, it’s not clear that what we should be most concerned about is maximizing the financial position of everyone. I would argue that we have higher concerns and I think this is our fundamental disagreement. If what matters most to you is the current level of wealth in society, you should listen to and agree with Caplan and Aretae.
Trade restrictions do exactly TWO things. (1)Pay off favored constituencies at the cost of making the whole country poorer. (2) purchase support for politicians. They always incur a cost of (say) $1 from each of the 300M people in the USA, and pay GM $100M in trade benefits. Net $200M loss. Collecting $.50 from everyone in the country, and giving it to straight to GM is better for EVERYONE, except the politicians who are hiding the the net $ transfers behind anti-foreign bias.
2B. Again, this is not a fact. A fixed and flat tariff would not satisfy criterion (1) or (2) and it is a trade restriction.
No one is pretending that they’re doing something to enhance economic efficiency. Would you rather pay a guy to sit at home and play video games or pay them to show up to a job every day?
Pretending they’re doing something useful is pure delusion. Digging trenches and refilling them is less value-destroying.
I find it fascinating that Aretae believes that any restraint of trade would be terrible because politicians will screw it up while simultaneously believing that politicians could run a perfect wealth transfer system without corruption resulting. What am I missing?
1. No powerhungry bastards preventing trades between consenting adults. Full stop.2. No powerhungry bastards preventing trades between consenting adults. With retraining support....35. Burning ants with a magnifying glass....52. Protectionism.