Imports and effects of tariffs (international economics)
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Uploader Comments (economicsfun)
Top Comments
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@Will1SAG Blimey, mate! Ha ha, dang my midwest american accent is the only one I got.... Someday I will have all the voice overs done by people with sweet English accents. I am guessing you are English (or somewhere on the British Isles) because you use the term "revision." Cheerio!
4 months ago 5
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So why did the US grow and prosper so much with tariffs and then decline markedly to hostile countries when it dropped the tariffs?
This lost consumer surplus is a good thing because it encourages investment in long-term growth industries and not garbage that will never yield dividends in our own country. Is it really bad for the economy if people don't spend all of their money on entertainment gadgets that only benefit another country?
All Comments (55)
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Glass-Steagall didn't have anything to do with tariffs as far as I know. Congressman Glass later even opposed provisions of the Glass-Steagall act. How about we don't reinstate Glass-Steagall, but we bring back tariffs?
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@economicsfun thanks a lot for your answer, I think I get it better know, great video btw:)
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could you explain the thing with deadweight loss, I don't understand why these triangles represent a loss...
XgannaX 2 days ago
@XgannaX It really relates back to consumer surplus and producer surplus. After restrictions "surplus" is less. Another way is to think about it is benefit. Less people benefits with trade restrictions. The deadweight loss is loss in consumer and producer surplus (less people benefit).
economicsfun 1 day ago
This is all part and parcel of the globalist agenda, training and indoctrination program: Disenfranchisement through Monopolistic Networks and Coalitions (DiMoNaC). Ask any Aregentinian,Greek, Icelander,Italian,Potugeese, Spaniard, etc.
Yotumumagic 1 week ago
@Yotumumagic Dude why so harsh! Just trying to help students pass international economics... Peace to the proletariat, take a breath, chill, bro.
economicsfun 6 days ago
@economicsfun Peace to you instructor; but these Keynesian vultures have destroyed this planet...we must reinstate Glass Steagall. Tarriffs are necessary for our long term economic stability, and growth.
Yotumumagic 15 hours ago
@Yotumumagic I want people, individuals, trading with others around the world free of intervention and control of governments or multinationals. Real free trade.
economicsfun 4 hours ago