Can someone explain how tariffs aren’t both a tax and inflation, all rolled in to one? These are two of the most toxic words in politics and yet those most allergic to them are relatively quiet.
Can someone explain how tariffs aren’t both a tax and inflation, all rolled in to one? These are two of the most toxic words in politics and yet those most allergic to them are relatively quiet.
Because it was never actually about principles.
Ultimately a large number of people identify with Trump. So when he says he inherited an awful economy and the tariffs are the cure, they believe him
Not inflation because it's a one time price increase. Inflation is the rate of change.
The "inflation rate" is the rate of change. Price being higher than they were in the past is inflation.