Tariffs Worked “Spectacularly Well”
Comments
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Congrats, that is one form of the fallacy.
Another is treating the opinion of an authority as a fact.
Doubly so in fields such as the dismal science.
All scientific opinions should be defensible to criticism through reason regardless of the source of criticism.
I.e. they should be able to stand on their own merits rather than someone's credentials.
Hth.
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lololol
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Climate science is a hard truth, one that we aren’t close to understanding as evidenced by the predicted outcomes of the 97% not even close to coming true. But the entire formula is 100% out there to understand one day.Economics is the complete opposite. It’s about the softest thing imaginable. Chock full of psychology, emotion and other non-hard truths. There is no hard formula for it and never will be. It’s why discounting phd’s academic papers in this field is like the easiest thing ever to do.
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Well, you are just saying that because you can't find any papers supporting your views. You don't have the numbers. The paper I cited presented a by-the-numbers review.
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My econ education says that all parties will share the tariff burden to varying degrees depending on many other factors. Apparently the TugCon "winning" argument is that consumers won't bear the entire burden. This argument apparently holds that it's a win if, for example, Ford and GM shareholders also get hurt.
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But idiot president is not playing by any set of usual rules. He likes to do a 50% tariff just 'cuz.
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Econ does say that. Some will try to pass 100%, it won’t go well for them. My argument all along has been that where there is competition and substitutes, and non urgent decision timelines, your cost of inventory is pretty irrelevant to consumer prices. Most business will cut admin and marketing before they raise consumer prices. In the end this will all be pretty immaterial to aggregate prices because of that.
Bringing in 10m+ illegals who largely don’t work and just consume with printed is far more inflationary than tariffs. Things like food and rent. Even though AOG can find a million academic papers that say immigration is deflationary.
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Immigration is deflationary if you just look at wage levels. Which is why the US Chamber of Commerce is for massive illegal and legal immigration. Wages are depressed but the true costs of immigration are off loaded to the US taxpayers whose wages are depressed. Paying for health care, education, clothing, housing, food and imprisonment are all inflationary. There is a huge net cost for importing poorly educated non-english speaking foreigners.
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Youve never met a tax you didn't want raised
This isn't a tax and it helps Americans
Of course you're opposed
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The dazzler doesn't even try to hide his America Last views and his last stage TDS affliction.
