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Tariffs. Economic theory tells us that tariffs are terrible. Populists want them because they think manufacturing will come back(have their cake) but the downsi
by HDThoreaun 1y ago
Tariffs. Economic theory tells us that tariffs are terrible. Populists want them because they think manufacturing will come back(have their cake) but the downsides are much, much worse(eat it too).
- andrekandre 1y agonow it clicked, appreciated ^^
- HDThoreaun 1y agoinflation is another one. The government is running massive fiscal deficits every year which has forced the fed into extremely hawkish monetary policy. Then politicians complain about that even though their crappy fiscal policy is what required it. Neither party has any interest in balancing the budget so hostilities between fed and congress/president will likely continue.