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> and sufficient to counter inflationary pressure from higher prices on tariffed goods. I'm not sure there is overall inflationary pressure from the higher pri
by bitshiftfaced 2y ago
> and sufficient to counter inflationary pressure from higher prices on tariffed goods.
I'm not sure there is overall inflationary pressure from the higher prices on tariffed goods, but yes. It's a dynamic system, and I believe that people change their behavior and buying patterns in response to taxes. This is my belief, and I have no real evidence other than the fact that the rate of CPI growth did not increase after the 2018 tariffs until after the COVID stimulus came into effect.