Tariffs or no tariffs the US is still borrowing 7% of gdp every year. In 10 years it will be 50 trillion in debt, with 30% of all federal revenues *just* to pay interest on that debt. With or without tariffs it’s done. 

anon

econ

Trump’s ‘Broken Windows’ Economy

0xbitcoiner

One of the unseen things on Trump’s side is how the larger counterfactual deficit would have been handled. 

Tariffs are bad, but they may be less bad than inflation and other available forms of taxation. There’s good reason to suspect that’s the case, at least for the domestic economy. 