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@ Gunnar
2025-02-27 06:02:22
Tariffs was a child of the industrial revolution. Its a tool of stagecraft to build and secure a positive trade balance in the time of sound money. Since deficits could not easily be papered over by fiat printing countries saw to grow and secure their trade surplus by the use of tariffs on manufactured goods. Colonies where fooled and cierced to produce and export only raw materials and import industrial goods at 10x the price of their exports trapping them in a cycle of diminishing return and debt. All industrial nations followed this script. Subsidies and tariffs in the morden era of fiat still work, the mechanics is the same but debt can paper over the deficit for a long time. Free trade industrialt and non industrial nations is a myth and just another fiat game played look the nonindustrial countries into poverty and debt. Free trade among industrial nations is generally beneficial, but this is not the case of industrial vs nonindustrial nations. So its nuanced to say the least. Rant over.