Posted To My Substack Newsletter 07/23/2024

Me: If an exporter of oranges etc. increases their price they will face a tarrif/rebate policy of 100% of their increased price. In other words they raise their price by $.50/lb, the tarrif covers whatever total increase occurs and is rebated back to the importer so they do not incur additional cost. Acconting/double entry bookkeeping sums all costs to zero increase, and the supply and demand/”free” market fetishism orthodoxies are exposed as the self imposed delusion they have always been.

AT: Did you mean tariff to be applied to an exporter who would increase their price due to higher demand?

Me: Let them raise their price as much as they want, the tarrif/rebate policy will nullify any price increase until the exporter is not competitive and they’ll lose the biggest market in the world. Just result for such anti-social acts. Meanwhile with all of the increased purchasing power the US will be free to re-industrialize in the most technologically advanced and ecologically sane way possible. New applied ideas/paradigms always invalidate old orthodoxies and open up new and better alternatives. Consult their history.

Leave a comment