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Yes, however the next paragraph outlines why it wasn’t surprising to other observers. Summarized, low competition and structural constraints.
by rorylawless 9mo ago
Yes, however the next paragraph outlines why it wasn’t surprising to other observers. Summarized, low competition and structural constraints.
- WillPostForFood 9mo agoYes, so turns out people with a basic grasp of how economies function can have different models of how things work. This a great paper, and important in that it shows who is paying the tariffs in the examples they looked at. What it still leaves unaddressed is the obvious prediction of increase in CPI not really showing up.
- SailorJerry 9mo agoYes, the next paragraph explains why the surprised economists were wrong. I agree with the GP though that the GGP was too quick to say > to the surprise of absolutely no-one with even the most basic grasp of how economies function.