Nothing trump has said or done has anything to do with balancing the budget or paying down debt. Yeah lower rates will help, but when you enact tariffs inciting inflation, nothing happens in a positive way.
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Nothing trump has said or done has anything to do with balancing the budget or paying down debt. Yeah lower rates will help, but when you enact tariffs inciting inflation, nothing happens in a positive way.
No, that’s not what causes inflation. Prices going up because of tariffs and inflation are two different things.Quote:
Originally Posted by Xville
you're inciting more inflation through tariffs. That's elementary economicsQuote:
Originally Posted by Strange Brew
Quote:
Originally Posted by xuwillie
Quote:
Originally Posted by Strange Brew
I'm of the mindset that this may play out for the better in the long term. If the tactic is "we'll cut the tariffs back if you cut the tariffs on us back," then that hardly strikes me as being a batshit crazy tactic. I don't like Trump, but I see the thought process behind what I think he is trying to do, and it makes some sense to me. Is it okay to think that way??
How does one “incite” inflation?Quote:
Originally Posted by Xville
Nope, that’s not how monetary policy works.
Now you’re getting it.Quote:
Originally Posted by xubrew
I guess being obtuse is your new thing. Economists can connect the dots. You are unwilling or ignorant to do soQuote:
Originally Posted by Strange Brew
Since Trump signed the trade agreement with Mexico and Canada, and 98% of what we ship to Canada gets no tariffs from our northern neighbor, I'm inclined to go with the reading of the Economist:
Quote:
If you failed to spot America being “looted, pillaged, raped and plundered by nations near and far” or it being cruelly denied a “turn to prosper”, then congratulations: you have a firmer grip on reality than the president of the United States. It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy. Or the fact that on April 2nd, spurred on by his delusions, Donald Trump announced the biggest break in America’s trade policy in over a century—and committed the most profound, harmful and unnecessary economic error in the modern era.
yeah i understand the thought process. The problem is that there is no way to know what will happen, and I'm not so sure its rooted in any reality except that Trump says so. The guy rarely tells the truth. It's fine for Trump to act this way in his own businesses and go bankrupt, it's quite another to play that game with every individual in this country.Quote:
Originally Posted by xubrew
No, actually studying, reading about and living it formed my opinion.Quote:
Originally Posted by Xville
And you’re dead wrong. The “Economist” you see in the news are about as credible as the 50 something “Intel officers”.