pull down to refresh
20 sats \ 2 replies \ @justin_shocknet 8 Apr \ on: Trump’s Tariffs Are Economic Folly, Top to Bottom | The Libertarian Institute econ
This retard goes on later to use the term sound money, completely clueless as to what's happening. Putting the L in Libertarian as usual.
Sound money? Who has sound money, lately? The fiats are all just dust in the wind as far as soundness is concerned. They are not even sound if you are storing them in the local depository because now they will take your “savings” and invest them in the defense industry. What a deal, eh!! THEY know much better how to use your savings than you do.
reply
Fiat is why the tariff rates themselves are a red herring, this isn't as much a trade war it's a currency war.
The trade deficit is a currency manipulation, not necessarily tariffs.
The point is the author is a moron believing in sound money but simultaneously not understanding the multiple.
reply