Comments on: Witless on Trade http://cafehayek.com/2009/09/witless-on-trade.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: Anonymous http://cafehayek.com/2009/09/witless-on-trade.html/comment-page-1#comment-181234 Anonymous Wed, 16 Sep 2009 05:43:00 +0000 http://cafehayek.com/?p=6418#comment-181234 You are talking about collective net GOOD and BAD. What is good/bad for the collective, is not necessarily good/bad for everyone. Thieves can do quite well at the expense of the greater economy. And the greater economy can do quite well at the expense of a minority slave class. You are talking about collective net GOOD and BAD. What is good/bad for the collective, is not necessarily good/bad for everyone. Thieves can do quite well at the expense of the greater economy. And the greater economy can do quite well at the expense of a minority slave class.

]]> By: Anonymous http://cafehayek.com/2009/09/witless-on-trade.html/comment-page-1#comment-181202 Anonymous Tue, 15 Sep 2009 22:34:00 +0000 http://cafehayek.com/?p=6418#comment-181202 I remember hearing similar tirades against the Japanese twenty years ago. Our dear Ducktor seems to long for the Good Old Days of Smoot-Hawley. I remember hearing similar tirades against the Japanese twenty years ago.

Our dear Ducktor seems to long for the Good Old Days of Smoot-Hawley.

]]> By: MWG http://cafehayek.com/2009/09/witless-on-trade.html/comment-page-1#comment-181171 MWG Tue, 15 Sep 2009 16:56:00 +0000 http://cafehayek.com/?p=6418#comment-181171 Please refrain from responding to muir as every single point he makes here has been made AND responded to in past threads. Please refrain from responding to muir as every single point he makes here has been made AND responded to in past threads.

]]> By: roversaurus. http://cafehayek.com/2009/09/witless-on-trade.html/comment-page-1#comment-181165 roversaurus. Tue, 15 Sep 2009 16:07:00 +0000 http://cafehayek.com/?p=6418#comment-181165 I am convinced that most people must be convinced of two things in economics. The first is that "Manna from Heaven" is always a GOOD thing economically. The second is that destruction is always a BAD thing economically. There are FAR, FAR too many people who simply can not grasp these two concepts. You don't need to get esoteric in your descriptions. I am convinced that most people must be convinced of two things in economics.

The first is that “Manna from Heaven” is always a GOOD thing economically.
The second is that destruction is always a BAD thing economically.

There are FAR, FAR too many people who simply can not grasp these two concepts. You don’t need to get esoteric in your descriptions.

]]> By: Anonymous http://cafehayek.com/2009/09/witless-on-trade.html/comment-page-1#comment-181163 Anonymous Tue, 15 Sep 2009 15:55:00 +0000 http://cafehayek.com/?p=6418#comment-181163 "China has protectionist policies.... they are taking over the worlds economy and buying up America." "We on the other hand have opened up our trade policy and now our debt to them as well as other trade debt seems casually related to 30 years of wage stagnation, job loss and the current economic collapse we see around us. " "Likewise I can point to a time when our country had many tariffs and protectionist policies and WE WERE the ones rising to world economic dominance." http://en.wikipedia.org/wiki/Correlation_does_not_imply_causation "It clearly is not and policies chasing such ideological dreams result in real world catastrophes." Yes, the world is frightfully complex. And remember, *all* economic policies must fundamentally operate at the micro level, regardless of macro intentions. Considering those two facts, at what level then do you think governments should aim for their desired outcomes? “China has protectionist policies…. they are taking over the worlds economy and buying up America.”

“We on the other hand have opened up our trade policy and now our debt to them as well as other trade debt seems casually related to 30 years of wage stagnation, job loss and the current economic collapse we see around us. ”

“Likewise I can point to a time when our country had many tariffs and protectionist policies and WE WERE the ones rising to world economic dominance.”

http://en.wikipedia.org/wiki/Correlation_does_not_imply_causation

“It clearly is not and policies chasing such ideological dreams result in real world catastrophes.”

Yes, the world is frightfully complex. And remember, *all* economic policies must fundamentally operate at the micro level, regardless of macro intentions. Considering those two facts, at what level then do you think governments should aim for their desired outcomes?

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