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Economists are as accurate as fortune tellers. Regarding tariffs, they also predicted calamity from his first round, and that didn't happen in the US.
by readthenotes1 2y ago
Economists are as accurate as fortune tellers.
Regarding tariffs, they also predicted calamity from his first round, and that didn't happen in the US.
- philjohn 2y agoAs another poster pointed out, Harley Davidson had a painful time, and ended up having to make more motorcylces outside the US. Similarly, Soy Bean farmers needed a large bailout. Both of those sound pretty bad to me, and they were somewhat targetted - he has suggested blanket tariffs, which you only need to look back to Smoot-Hawley, which is generally accepted to have worsened the great depression.