The_Doctor
SilentCal1924
Sr. Member
Posts: 3,272
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« on: November 28, 2016, 10:14:38 PM » |
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So, I don't have a formal education in economics but I've been trying to untangle the economics implications of Brexit politics. So riddle me this -
With deflationary pressures from low wages due to automation and weak savings after the 2008 crash, as well as the destruction of the personal wealth that most people had in place - my question is, why isn't it necessarily a bad idea to counteract that with inflationary policies such as deporting a number of illegal migrants, pushing up prices and wages in the process, and imposing some low level protectionist measures, such as labeling China a currency manipulator?
I understand, yes, that wages have been taking off at a better pace and there is some wage growth going on right now under Obama. But I'm curious if Trump's policies have the potential, in the short run, to benefit the United States, or could even be beneficial if watered down?
Obviously, massive tariffs would drive up prices sharply and cause an economic shock. I'm more thinking of gradual protectionism and some ways to counteract deflation.
I'm a free trader, but I wanted to ask what would happen. It's probably a dumb question in any case.
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