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Currency manipulation: Devaluing your currency such that you can sell goods artificially cheap to your competitors. In other words, Americans not paying enough.
by bko 11y ago
Currency manipulation: Devaluing your currency such that you can sell goods artificially cheap to your competitors. In other words, Americans not paying enough. Also known as quantitive easing when US does it.
Tax loopholes: tax code
In regards to labor safety standards, every country has a right to impose their own standards based on cultural norms. There is no universal set of standards that every country can agree upon. Would you really want to give up the autonomy with some universal code? As countries become wealthier, they value health and safety to a greater extent and the law changes accordingly.
- fixxer 11y agoAt no point in my statement did I echo Trumpism or political rhetoric. I was speaking generally about things that are rarely included in the "free trade is great" line of thought. You are absolutely correct that every country has the right to set their laws and operate as they see fit. However, their trading partners have the right to consider the implications of those policies on their own objectives. I have no interest in changing anything. My opinion is that when someone says "economists nearly universally agree on X", I generally think the best course of action is to lift up one's feet to avoid stepping in bullshit. EDIT: Changed a word.
- gnaritas 11y ago> My argument is that when someone says "economists nearly universally agree on X", I generally think the best course of action is to lift up one's feet to avoid stepping in bullshit. That's not much of an argument, in fact it's not one at all. You don't like or trust economists, ok, that's an opinion, but it's not an argument.