AK Investment Ask Me Anything

این نوشته کوتاه از آقای Cochrane درباره دیدگاه اشتباه و پرسروصدا «تعرفه» که اخیرا از طرف آقای Miran مطرح شد. حتی با فرض اینکه گفته آقای Miran درست باشه که تعرفه رو خارجی‌ها پرداخت میکنن (که درست نیست!)، باز هم این دیدگاه آقای Miran مشکل داره. "The immediate criticism of Miran was over whether, indeed, foreigners bear the burden of tariffs. I think that misses the point. Suppose for the sake of argument that they do, 100%. Where do foreigners get the money to pay the tariffs? There is only one way to get the money—sell more things to the US! ... I heard “predatory” trade practices a few times last week. The most interesting: The speaker acknowledged a question stating that colonialism was “predatory:” The UK forced China and India (so goes the claim) to put things on boats and send them to England. In the next sentence, the speaker claimed that allowing China to enter the WTO was the worst policy mistake of our generation, because of China’s “predatory” trade practices. China puts things on boats, and sends them to us, at artificially low prices, i.e. in return for goods of lesser value. Make up your mind, say I! Either colonial extraction was a great favor by England to China and India, by inducing China and India to develop export industries, or the exact same act is a favor to us not to them. ... Anyway, it’s always helps to ask where the money goes for a few steps, and to look past the money and figure out what a policy means in terms of underlying real goods and services." https://open.substack.com/pub/johnhcochrane/p/trade-basics