Economics lession For Liberials

Discussion in 'Economy' started by Jroc, Jul 4, 2011.

  1. Jroc
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    Jroc יעקב כהן Supporting Member

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    I heard this on Levin again today, this is a great essay on how our economy works, even a liberal should be able to understand its simplicity: Read the whole piece if you haven't read it, this is only a teaser.


    n....



    I, Pencil | Foundation for Economic Education
     
    Last edited: Jul 4, 2011
  2. jillian
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    jillian Princess Supporting Member

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    if it was on levin, it's not worth bothering with. *shrug*

    but if it's simplistic, it explains why it would appeal to rightwingnuts. :D
     
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  3. Jroc
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    Jroc יעקב כהן Supporting Member

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    So you would be that closed minded as to not even bother to read it? I must say I'm disappointed you my friend.:confused:
     
  4. uscitizen
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    uscitizen Senior Member

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    I thought all the pencils were made in China now?
     
  5. jillian
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    jillian Princess Supporting Member

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    why would i waste my time reading something that's BS?
     
  6. jillian
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    jillian Princess Supporting Member

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    and therein lies the real economic lesson.
     
  7. edthecynic
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    edthecynic Censored for Cynicism

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    Anyone with a brain knows that the whining, screaming maniac with a girl's soprano voice Levin is a DICK!. :lol:
     
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  8. uscitizen
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    uscitizen Senior Member

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    Hmmm, learn some global economics right wingers.

    Friday, August 12, 2005
    US Pencil Imports Continue Growth
    The latest update to US import statistics for wood cased pencils support the growth trend experienced for some years now. Over the past 5 years through 2004 pencil imports into the US have increased at an average annual rate of 6.0% on a dollar value basis and of 7.8% on a unit volume basis. This is reflects an average annual reduction of 1.8% in import prices over this period. In total 2004 unit volume imports were 17.6 million gross (this 2.5 billion pieces for the year or almost 9 pencils per capita).

    Our own estimates indicate that imported pencils now represent approximately two-thirds of the total US annual consumption on a unit volume basis. We estimate that the share of US manufactured pencils has dropped from around 50% of the market just three or four years ago.

    Timberlines: US Pencil Imports Continue Growth
     
  9. uscitizen
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    uscitizen Senior Member

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    Lesson 2 on the economics of pencils for right wingers.

    Wednesday, August 24, 2005
    Pencil Anti-Dumping Duties: Primer
    The following is the first of a series of Timberlines articles to be posted in the coming weeks discussing the impact various world trade issues and practices have upon the Pencil Industry.

    Import and export duties, value added taxes, export credits or export VAT rebates, fixed currency exchange rates are all examples of factors that impact trade flows around the world. Such meddling with what “free market thinkers” would call free and unrestricted trade is a common practice from nation to nation. Certainly the World Trade Organization and other regional trading block agreements such as NAFTA, various EU agreements, APEC, ASEAN and MERCOSUR work to liberalize such trade barriers worldwide. However, there is clearly a level of relative national and regional competitive advantage to be gained when countries set their policies regarding these market influencing instruments. Often the duty policies of one or more countries for given products are set as retaliation for or to correct perceived unfair trade practices of another particular country.

    The pencil industry is no exception to this situation and a number of these market “interventions” or “correction factors” (depending upon where you come out on the free trade scale) exist within our industry. Today’s topic of anti-dumping duties is just one such example. Currently, several countries worldwide have implemented incremental Anti-Dumping duties specifically placed upon imported Chinese pencils as a result of lobbying from local pencil manufacturer groups. These anti-dumping duties are imposed over and above any normal import duty pencils may be subject to. Among such countries with Anti-Dumping duties are the United States, Mexico and Turkey. I expect there may be some others of which I am not currently aware. For these three countries, anti-dumping duties range from just over 100% to over 400% of the invoice value of the pencils.

    Here in the US the current country wide anti-dumping deposit rate for pencils exported from China to the USA is 114.9%. The importer of record is required to “deposit” funds into an escrow type account upon importation of the pencils. This rate is applicable to all imported Chinese pencils, unless a specific Chinese exporter/producer has gone through an administrative review process with the U.S. Department of Commerce (DOC) to have their company audited for a reduced rate. However, this is an expensive and very complicated audit process and as such not many Chinese companies pursue reduced dumping margin rates. Currently, four Chinese entities or combined manufacturer/export company groups (including our own subsidiary facility) have received reduced dumping deposit rates ranging from 0% (ours) to around 23%. In effect these companies have demonstrated that they are not dumping pencils or should not be at the China-wide rate for the most recently reviewed period. Under DOC rules the country wide rate is set by the highest rate determined for any given Chinese company that ever requested a review by DOC. As such the original rate of around 53% was increased to the current 114.9% level a few years back.

    Timberlines: Pencil Anti-Dumping Duties: Primer
     
  10. Jroc
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    Jroc יעקב כהן Supporting Member

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    How do you know if it's BS if you don't even read it? This essay was originally written when Levin was about a year old..I just heard it read on Levin, he has nothing to do with the piece ,I shouldn't even have mentioned him
     
  11. jillian
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    jillian Princess Supporting Member

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    if i gave you a link from DU or from the communist workers party, (not that i would), would you bother with it?

    the answer's no.

    and your "source" is as bogus to me as those others would be.
     
  12. uscitizen
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    uscitizen Senior Member

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    Yeah and it was valid when he was 1 yr old, but not valid now.
     
  13. whitehall
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    whitehall Gold Member Supporting Member

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    Do libs really think taxing our way out of an economic problem is the way to go? Take the history of Social Security for example. The federal government stole the money at first and later LBJ made it "legal" that all FICA taxes belonged to Congress. There was never a locked box. Politicians stole the lock and the box not to mention the contents. The point is that Americans are at the point in history when they realize that congress can't be trusted. Any new tax is like giving a community activist a stolen ATM card. The federal government needs to cut spending.
     
  14. percysunshine
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    percysunshine Gold Member

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    This is a lesson in economics for liberals? Isn't that like a lesson in typing for seals?
     
  15. Jroc
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    Jroc יעקב כהן Supporting Member

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    :confused: What are you talking about? that link is not for Levin, What source are you Referring to? what exactly are you talking about ? I think you've been on these boards too long.
     
  16. Jroc
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    Jroc יעקב כהן Supporting Member

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    The principles are still valid it's politicians and big government that get in the way of the free market.
     
  17. Moonglow
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    Moonglow Gold Member

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    No it is not. You can still operate a business that caters to the populace ,and you can still earn a living. The free market is in more danger from corporations trying to monopolize than govt. regs.
    But then again monopolies have advantages and disdvantages, which is true about any condition.
     
  18. Jroc
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    Jroc יעקב כהן Supporting Member

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    There is a limited role for government but it's not the government’s job to run business. Tell them what kind of cars they have to drive ,what kind of light bulb they have to use, what kind of health insurance they have to buy, what kind of toilette they must use ect.. They are killing the free market
     
  19. Jroc
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    Jroc יעקב כהן Supporting Member

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    FOUNDATION FOR ECONOMIC EDUCATION

    Freedom’s Home Since 1946

    The Foundation for Economic Education (FEE), the oldest free-market organization in the United States, was established in 1946 by Leonard E. Read to study and advance the freedom philosophy. FEE’s mission is to offer the most consistent case for the first principles of freedom: the sanctity of private property, individual liberty, the rule of law, the free market, and the moral superiority of individual choice and responsibility over coercion

    http://www.fee.org/library/books/i-pencil-2/
     
    Last edited: Jul 4, 2011
  20. flacaltenn
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    flacaltenn USMB Mod Staff Member

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    jillian::

    Of course I would read it.. At least until I ascertained it was an insult to my intelligience.. Like a recently posted Rolling Stone/Al Gore screed on the USMB Enviro Bd. I only made it to the 4th paragraph of that one..

    That's how I developed my political spine. By having simultaneous subscriptions to Mother Jones, National Review or sometimes The Nation and Reason.. Even loved Pacifica Commie Radio..
    But over the years, I decided I didn't want to be on the team that consistently got their asses kicked BECAUSE they weren't curious enough to sample facts, reason, logic and history from the other side.
     

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