@mcm666 never doubt snarlcakes. That's why I am on "The Dream Team".
So they lead to more unemployment?
Yep, just like most taxes and regulations. Tariffs are anti-growth.
Why would you be against taxes? Aren't you for a big government? Not to mention a majority of the people paying tariffs are wealthier people and foreigners. I still can't understand why any Democrats are against tariffs besides Trump's for them.
@mcm666 never doubt snarlcakes. That's why I am on "The Dream Team".
So they lead to more unemployment?
Yep, just like most taxes and regulations. Tariffs are anti-growth.
Why would you be against taxes? Aren't you for a big government? Not to mention a majority of the people paying tariffs are wealthier people and foreigners. I still can't understand why any Democrats are against tariffs besides Trump's for them.
Nah, bruh. After all this time, you still don't understand me. 😔
My political and economic opinions don't map neatly onto left vs. right, big vs. small govt., etc. And I am most certainly not in any party, including the Dems. I think they're both essentially corrupt and evil. George Washington was right.
@bradstevens I know you're no fan of the current Democratic Party, but I did think you are for larger governments.
Not always, no. I don't think large govt is innately desirable nor do I think it is the solution to all problems. But yes, in some situations, depending on the facts, history, culture, etc. I might support a new regulation or more govt involvement as the best tradeoff.
The inflation response goes against the predictions of standard models, whereby CPI inflation should go up in response to higher tariffs. Instead, tariff shocks appear to act as aggregate demand shocks—moving inflation and unemployment in the same directions. A possible explanation relies on the effects of uncertainty: a tariff shock creates (or coincides with) an uncertain economic environment, which by itself depresses economic activity by lowering consumers’ and investors’ confidence and puts downward pressures on inflation (Leduc and Liu, 2016). Another possible channel is a wealth channel, whereby an adverse tariff shock leads to a drop in asset prices, which then depresses aggregate demand and leads to higher unemployment and lower inflation. We find evidence in support of both channels: in response to higher tariffs, stock prices decline and stock market volatility increases.
@mcm666 never doubt snarlcakes. That's why I am on "The Dream Team".
So they lead to more unemployment?
Yep, just like most taxes and regulations. Tariffs are anti-growth.
snarl hopes we shrink at 3% per year, but yay because deflation!
oh the horror of lower prices and more purchasing power. What's next, I'll have to work less too? What will we do if our masters can't enslave us through inflation. Maybe join a book club. @bradstevens any suggestions?
What will we do if our masters can’t enslave us through inflation.
Sadly, many leftists give their love, loyalty, and devotion to their government masters instead of to their fellow citizens. Their misguided loyalty results in monolithic government corruption and the annihilation of the standard of living of poor and middle-class Americans.
