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I've been getting my hair cut for years, he buys nothing from me. This acute analysis, attributed to economist Robert Solow in the early 2000s, also serves as a reminder that this is exactly how money freed us from barter and thus opened markets in the first place - precisely by allowing for asymmetrical exchanges. What we really need to understand here is how profoundly anti-market these Trump tariffs are.
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Topic - I have a chronic trade deficit with my barber... - Jim Pearce 06:31:15 04/08/25 (45)
- RE: I have a chronic trade deficit with my barber... - fantja 13:50:00 04/09/25 (0)
- Penguins rejoice! - jedrider 11:38:07 04/09/25 (0)
- 'He' knows what he's doing - jedrider 09:23:17 04/09/25 (0)
- The POTUS' definition of trade deficit/surplus *excludes* services - Feanor 04:39:43 04/09/25 (1)
- Correct, and that has been pointed out - Victor Khomenko 07:32:21 04/09/25 (0)
- Services are not - E-Stat 09:03:46 04/08/25 (23)
- that is Trump's second big mistake... - Jim Pearce 11:22:50 04/08/25 (22)
- But Trump's mind is in a pre-mid 20th century industrial age - Feanor 04:45:44 04/09/25 (4)
- RE: But Trump's mind is in a pre-mid 20th century industrial age - Inmate51 09:22:29 04/09/25 (3)
- RE: But Trump's mind is in a pre-mid 20th century industrial age - elblanco 12:20:48 04/09/25 (2)
- RE: But Trump's mind is in a pre-mid 20th century industrial age - Tre' 12:36:30 04/09/25 (1)
- Not a reason for Trump to ignore the service balance - Feanor 04:33:41 04/10/25 (0)
- Is that why US tech support is always from Fred in Zimbabwe ? (nt) - emailtim 16:38:14 04/08/25 (8)
- Philippines ............... - JDK 16:59:22 04/08/25 (7)
- RE: Philippines ............... - emailtim 17:29:14 04/08/25 (6)
- RE: Philippines ............... - JDK 18:03:39 04/08/25 (5)
- RE: Philippines ............... - emailtim 18:14:02 04/08/25 (4)
- Let me tell you a secret, well, it's not really a secret ..... - JDK 18:58:47 04/08/25 (3)
- RE: Let me tell you a secret, well, it's not really a secret ..... - emailtim 19:06:47 04/08/25 (2)
- Indeed - E-Stat 07:38:08 04/09/25 (0)
- Heh heh heh - JDK 19:09:26 04/08/25 (0)
- Not sure what that has to do - E-Stat 11:24:37 04/08/25 (7)
- You know what's next... don't you? - Victor Khomenko 12:45:35 04/08/25 (5)
- I see - E-Stat 13:12:33 04/08/25 (4)
- Life with no tariffs is akin to marrying a virgin - Victor Khomenko 14:31:08 04/08/25 (3)
- Funny - E-Stat 14:51:59 04/08/25 (2)
- Then you should be in charge, not Musk. :) - Victor Khomenko 15:06:17 04/08/25 (1)
- Such bizarre paranoia - E-Stat 15:08:38 04/08/25 (0)
- Trump isn't charging reciprocal tariffs... - Jim Pearce 11:28:53 04/08/25 (0)
- RE: I have a chronic trade deficit with my barber... - elblanco 08:38:45 04/08/25 (0)
- Jim, some of us have been saying this all along - Victor Khomenko 07:19:44 04/08/25 (0)
- RE: I have a chronic trade deficit with my barber... - tomservo 07:13:51 04/08/25 (13)
- ask Ron Vara, he's the expert...--nt - elblanco 08:00:53 04/08/25 (4)
- The fictional economist ;-) - AbeCollins 09:33:27 04/08/25 (1)
- "trade advisor" has a sockpuppet, where the f#ck are we?..-nt - elblanco 09:44:51 04/08/25 (0)
- But according to Leon, Ron's a moron--nt - Sondek 08:18:53 04/08/25 (1)
- +1...--nt - elblanco 08:53:02 04/08/25 (0)
- Incentives, Rather Than Tariffs - Inmate51 07:45:14 04/08/25 (0)
- Not a hard question - Victor Khomenko 07:25:27 04/08/25 (6)
- Yep, you guys are just too wealthy and buy too much foreign stuff - JDK 15:11:26 04/08/25 (0)
- RE: Not a hard question until one adds the other side - tomservo 11:22:50 04/08/25 (1)
- "like most complicated things"... this one... - Victor Khomenko 11:46:15 04/08/25 (0)
- +1 on the mark! (nt) - Steve O 07:41:50 04/08/25 (0)
- Yup, a serial bankrupt leading a command economy - Jay Buridan 07:35:52 04/08/25 (1)
- Except that the market is anything but free - Wojciech 08:16:58 04/08/25 (0)