You can try to explain to them that 1 + 1 = 2. They will try to prove you wrong every which way they can.
Irony.
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Love the free market so much that we’re going to manipulate the market so we can spread more freedom to other markets to then force them to buy from our market???
Did I get that right? lol the reasonings keep evolving and twisting to try to make doing something very dumb appear smart and calculated.
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Slight clarification. 1st plant is just now having expected yields. 2nd plant will
be operational in 2028 ( 6 year effort) and 3rd is more or less in the proposed
phase.
In an earnings call earlier this month, TSMC CEO Dr. C.C. Wei said that production yields at the company’s first Arizona plant are now matching those in Taiwan. The second plant, announced in 2022, is currently ramping up operations and is expected to become fully operational by 2028. The third facility does not yet have a confirmed completion date.
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That was a very dynamic take down of why free trade rules.
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It was good…
You can’t have high tariff revenue and job creation, they are exclusive.
I don’t use Facebook, is it this
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That’s the one
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In modern developed economics correct. If you were say a developing nation that needed to move to an industrialized from agriculture based economics it could work. Classic example early 19th century US.
It really only works when the capital expenses haven’t taken place already, or supply chains established, etc. in that example Smoot-Hawley.
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Here is another guy that has never worked a day in his life in the private sector let alone lead a company. Being a journalist does not make the cut either.
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Great point. The real world economy or life does not start and end in a classroom.
How many so called nobel prize economists have never worked in the private sector?
Few and you probably wouldn’t want them outside of using entry level majors as data analysts.
Economists at that level from every different train of thought from Milton Friedman to Karl Marx are trained to examine how things fit in the big pictures. That’s a terrible fit for the private sector, who’s only picture is their own companies success, as it should be.
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How to say your not an academic without saying your not an academic
Milton Friedman won a Nobel prize and was a prominent figure in advocating for free-market capitalism and worked in the private sector, including helping develop income tax withholding during World War II.
Another, Roger Myerson also has a notable career in the private sector, having worked for the US Federal Reserve Board.
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Now we are acting like economists don’t understand the economy? Geez.
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Because they never held a “real job” they approve of. More goal post moving.
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Classic shoot the messenger response. This only works if you’ve got actual bullet points to back it up.
You, however, have nothing.
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Tis best to remain silent and be thought a fool than to open one’s mouth and remove all doubt.
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That was a really good simple explanation.
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