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re: Video: Milei on why he’s supporting Donald Trump
Posted on 5/11/24 at 7:49 am to Penrod
Posted on 5/11/24 at 7:49 am to Penrod
quote:
You did not understand his answer, which was that Trump’s trade barriers were a response to China’s refusal to float exchange. This was giving China an unfair advantage that the trade barriers were going to punish them for.
Austrian Economic theory posits that free trade between countries makes both countries richer, and it’s true. However, when one country is using predatory exchange rate policies, when those policies are causing them to monopolize critical defense production, and when that country is your enemy, it must be stopped. To Donald Trump’s everlasting credit, he saw these things before anyone else in Washington.
Exactly. China has been using currency valuations against us forever. It has cost the US billions upon billions. Trump evened the playing field.
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