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37 sats \ 0 replies \ @kepford 11 Apr \ parent \ on: Bob Murphy on Tariffs and the Triffin Dilemma econ
Good summary. I co-sign this.
entire cost gets passed through to the consumer.
Yeah... I mentioned Apple's margin yesterday. Sure Apple could pass 100% of the tariffs to consumers but this also could backfire and actually hurt them more than absorbing some of the cost and diminish the effect on sales by keep prices lower.
What is so appealing to the Austrian view to me is the human action portion. Really we are talking about choices made by millions of individuals. Most people dumb things down far to much. Learning from this school has taught me that I and others need to be much more humble about what we think may happen.
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