Lets look at the UK over the last 30 years, it has only declined. Compare it to more successful economies 30 years ago, UK average salary was $40,000 the same as Singapore, today Singapore is $130,000, its similar in Australia, Canada and the USA they are all far higher than the UK. Something is drastically wrong with our Country. Labour and the Tories are both to blame they have both been a disaster for ordinary people
American watching from the State of Rhode Island in the U.S.-nice discussion guys-interesting-I find the soundness of very many of Trump's plans to be highly suspect and concerning-so I'm watching their implementation closely.
DJT plays the big, beautiful tariff card, and those upon whom he tariffs and/or threatens to tariff refuse to purchase US bonds and/or demand a higher coupon, that threatens to obliterate the US economy.
I don't think immigration is an ephemeral issue. It's impact is distolinctly economic (contribution deficit as per Imoerial, OBR, Amwrsterdam). I might have got his opinion on that. It is always the economy stupid, but some cultural issues are also economic.
Really bad economic analysis here. US real incomes are at an all time high, which is remarkable given the recent Covid epidemic. The US economy is now at full employment. While US citizen's feel they have lost ground due to inflation, the reality is that they haven't. The US economy is growing above its long term potential. The Fed will not allow real incomes to grow faster than currently are. US economy is objectively in good shape and headed in the right direction. Never heard of the IEA before but clearly they are more of a political group and than objective economic analysts.
When you think unilateral free trade is better than reciprocal free trade (Trump succeeding signing trade agreements), then you know you've lost your way. Britain pissed away its 19th century economic advantage by allowing America & Germany to raise extortionate tariffs on her exports, while placing no barrier to theirs. Not getting taken advantage of matters, & in today's world of paper money, manufacturing is driven by he who subsidizes industry most at the expense of households. That creates an imbalance of consumption to production that relies on dumping into other countries, which can only be squared away by the issuing of debt. That's true in China bcuz w/o consumption investment becomes the only way to drive growth, & it's true in the US bcuz absorbing surplus country's savings lowers your own domestic savings, making society a bunch of spendthrifts (low borrowing cost despite low domestic saving), & needing to sell assets in order to finance the trade deficit. The secret of the supposed 'globalized era' of free trade, is that it was actually significantly less free-trade oriented, and a lot more interventionist, than most liberals are prepared to realize & admit.
Britain would be worse off (and, yes, better off than America) had it deployed such policies. You are the one proposing an idiotic approach of harming one's self in order to harm one's neighbor to a greater degree.
@@authenticallysuperficial9874A huge expansion in US industrial plant is economic growth. And it's not just manufacturing that is suppressed by the current trading environment, but domestic savings as well. The US spends too much, saves too little, and incurs too much debt. These are all features of the current trading system, of allowing foreign countries to profusely subsidize industry at the expense of their own consumption, exporting their savings in exchange for our consumption to the tune of massive & unsustainable imbalances in trade.
Tax cuts - Inflationary Tariffs - Inflationary Illegal immigrant deportation - inflationary Loss of independence of the Federal Reserve Bank - Inflationary
Lets look at the UK over the last 30 years, it has only declined. Compare it to more successful economies 30 years ago, UK average salary was $40,000 the same as Singapore, today Singapore is $130,000, its similar in Australia, Canada and the USA they are all far higher than the UK. Something is drastically wrong with our Country. Labour and the Tories are both to blame they have both been a disaster for ordinary people
American watching from the State of Rhode Island in the U.S.-nice discussion guys-interesting-I find the soundness of very many of Trump's plans to be highly suspect and concerning-so I'm watching their implementation closely.
J Sternberg was excellent and very informative. A calm antidote to some of the shouting one gets elsewhere.
DJT plays the big, beautiful tariff card, and those upon whom he tariffs and/or threatens to tariff refuse to purchase US bonds and/or demand a higher coupon, that threatens to obliterate the US economy.
What a fantastic, first-rate analysis! Thank you all.
Interesting 🤔
I don't think immigration is an ephemeral issue. It's impact is distolinctly economic (contribution deficit as per Imoerial, OBR, Amwrsterdam). I might have got his opinion on that. It is always the economy stupid, but some cultural issues are also economic.
Really bad economic analysis here. US real incomes are at an all time high, which is remarkable given the recent Covid epidemic. The US economy is now at full employment. While US citizen's feel they have lost ground due to inflation, the reality is that they haven't. The US economy is growing above its long term potential. The Fed will not allow real incomes to grow faster than currently are. US economy is objectively in good shape and headed in the right direction. Never heard of the IEA before but clearly they are more of a political group and than objective economic analysts.
When you think unilateral free trade is better than reciprocal free trade (Trump succeeding signing trade agreements), then you know you've lost your way. Britain pissed away its 19th century economic advantage by allowing America & Germany to raise extortionate tariffs on her exports, while placing no barrier to theirs. Not getting taken advantage of matters, & in today's world of paper money, manufacturing is driven by he who subsidizes industry most at the expense of households. That creates an imbalance of consumption to production that relies on dumping into other countries, which can only be squared away by the issuing of debt. That's true in China bcuz w/o consumption investment becomes the only way to drive growth, & it's true in the US bcuz absorbing surplus country's savings lowers your own domestic savings, making society a bunch of spendthrifts (low borrowing cost despite low domestic saving), & needing to sell assets in order to finance the trade deficit.
The secret of the supposed 'globalized era' of free trade, is that it was actually significantly less free-trade oriented, and a lot more interventionist, than most liberals are prepared to realize & admit.
Britain would be worse off (and, yes, better off than America) had it deployed such policies. You are the one proposing an idiotic approach of harming one's self in order to harm one's neighbor to a greater degree.
@ Wall Street is happy to hear you say it.
Un osn cun unas tirtas valos. Que ha invebtado la polvira
I most times dont like Mont Pelerine iea, but enjoyed this interview very much.
Higher tariffs absolutely will benefit US economic growth.
No. They will increase the proportion of manufacturing done in the U.S. That's not the same as "benefiting economic growth".
@@authenticallysuperficial9874A huge expansion in US industrial plant is economic growth. And it's not just manufacturing that is suppressed by the current trading environment, but domestic savings as well.
The US spends too much, saves too little, and incurs too much debt. These are all features of the current trading system, of allowing foreign countries to profusely subsidize industry at the expense of their own consumption, exporting their savings in exchange for our consumption to the tune of massive & unsustainable imbalances in trade.
FOR CRYING OUT LOUD SORT YOUR SOUND OUT🤬
Tax cuts - Inflationary
Tariffs - Inflationary
Illegal immigrant deportation - inflationary
Loss of independence of the Federal Reserve Bank - Inflationary
Its funny how little Expert's know.