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> And in the context of massive trade deficits, so what? I was thinking more in the context of consumer inflation. Countries tend to go back and forth in a tar

• tivert 2y ago
  >> And in the context of massive trade deficits, so what? > I was thinking more in the context of consumer inflation. Countries tend to go back and forth in a tariff war, effectively raising taxes and lowering incomes for their citizens. That's monomaniacal focus on short-term "prices to the exclusion of all other considerations." An artificially low subsidized price isn't a good deal, especially when its competing with your local industry.