Saturday, August 13, 2011
Libertarians - create jobs?
I am a libertarian, but I'm new to politics and was discussing how to deal with the mive loss of capital that's creating unemployment with my friend today. My friend said he doesn't believe in globalization and the US should put very high tariffs on imported goods. I told him this will encourage companies to hire here, BUT this will severely rise the low cost of imported goods that Americans enjoy. Raising the price of goods in combination of a devalued dollar will further lower the living standards of citizens. I believe globalization *is* good on a global scale (obviously) in that it improves the lives of citizens in poor countries abroad and it doesn't necessarily mean Americans will suffer. I told him my idea was to rid the heavy regulations of potential small businesses that's currently discouraging Americans from starting businesses here. I also said lowering taxes would be a good idea as it would allow more free funds to hire workers. In addition, unions should NOT be mandatory but rather, collective bargaining should be practiced so the owners won't have to fear too much power from unions that makes them want to outsource. My last idea I proposed was to bring the US back on the Gold Standard so world banks won't have the extra devalued money to aculate mive trade deficits and outsource labor. Do you think my ideas I produced are reasonable? What's your opinion on this manufacturing crisis in the US?
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