Obviously you didn't actually read the links, as Bernanke's statement is given in context of the CURRENT economic cycle. These are actual economists, and they all say about the same thing. In the short your isolationist plan will save some jobs, in the long run the cost of doing so will outwiegh that, more jobs will be lost, prices will go up and quality will go down.
Like I said.. You'll have to forgive me for disregarding your bullshit predictions as your run so far has been a bit lackluster. In the long run YOU, nor they, can predict the future any better than your current clusterfuck proves. It's time we try something other than bullshit rhetoric from snake oil salesmen who pretend to be the only ones capable of comprehending economic matters.
Again I ask what is the average Japanese citizen's living standard like compared to ours? And i believe the links above point out the negatives of isolationism, again I guess you didn't read them.
Im just not impressed with your predictions, dude. OR those of people who think like you when it comes to threatening hellfire and damnation from your free market soap box. Maybe you thought I'd fall to my knees in preayer to bernakke and ask for forgiveness. Sorry to disappoint.
In the postwar decades, Japanese consumers have benefited from the nation's economic growth, while in turn they have stimulated the economy through demand for sophisticated products,
loyalty to domestically produced goods, and saving and pooling investment funds. But personal disposable income has not risen as fast as the economy as a whole in many years—at 1 percentage point less than average GNP growth in the late 1980s. Despite the hard work and sacrifice that have made Japan one of the wealthiest nations in the world, this generation felt they are "a rich nation, but a poor people".
Such a negative view of the economy is prompted by the fact that the average consumer had to pay for goods and services that are much cheaper than elsewhere.
Japanese income distribution in the 1980s, both before and after taxes, was among the most equitable in the world. An important factor in income distribution is that the lower income group is better off than in most industrialized countries. The economic crisis of the 1990s diluted this picture somewhat, increasing the unemployment rate (to 4.0% in 2006).
Standard of living in Japan - Wikipedia, the free encyclopedia
The U.S. and Japanese economies are in some respects very similar. They are
large industrialized economies that have provided their residents with a high standard of living
U.S.-Japanese bilateral trade in goods and services has grown over time,
although recently the level of bilateral trade turnover has plateaued. As Table 2
shows, U.S.-Japan total trade in goods attained a record level in 2000. U.S.
exports
to Japan dropped about 21% from $64.9 billion in 2000 to $51.4 billion in 2002, but
have been increasing since then.
U.S. imports have increased recently from $118.0
billion in 2003 to $148.2 billion in 2005.
http://www.fas.org/sgp/crs/row/RL32649.pdf
As just one example where is most of our oil coming from? Oh, for actual evidence here is what actually DID happen when imposed import tariffs in the steel industry.
You fucking ACT like WE CANT MAKE STEEL. what the fuck is wrong with you?
As threatened sanctions from overseas loomed, President Bush has ended a 21-month-old set of tariffs on steel imports, a move that cheered companies that use steel, but disappointed domestic steelmakers and the steelworkers' union. Bush's action, which came in a proclamation he signed on Dec. 4, quickly was hailed by the European Union, which said it would ...
From your own goddamn link. It's EXACTLY This kind of shit that i'm talking about. Do you really think that all those DOMESTIC WORKERS give a fuck about how much MORE money you get to save in order to undermine their labor with cheap shit from some other country?
Do you think we live in a fucking Vacuum? Can you NOT compete with EU by finding an AMERICAN ALTERNATIVE to whatever the fuck EU tried to strike back on? Can't find an alternate to fucking Champaign? Enjoy your fucking italian shoes just a little too much? give me a fucking break. MEANWHILE, your bullshit opinion just put some STEEL WORKERS out of work.. BRAVO. fucking BRAVO.
And you are blind to the pitfalls of your strategy. If you think, Mr. non-economist, that you have the be all end all economic solution, then I have some ocean front property in Arizona for you.
Ahh.. so it takes a fucking nutritionist to see that people are starving now, eh? Trust me, your fucking kind is taking the path of the dinosaurs, dude. Your laughable expertise, despite REALITY, is the hubris that your kind wont survive from. Welcome to the machine you phrenologist motherfucker. Go ahead and save your ocean front property to sell during the next impending economic collapse. Feel free to wrap those up in confederate dollars when the masses vote your kind out of office and we see one more in a long line of bitchslappings to some capitalist pigs who think that everyone else exists in order to sustain a 2% lifestyle. again, child labor.. monopolies.. next is the "free market myth". Enjoy the ride, motherfucker.