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2025-03-04 1
As an American, much props to the Canada! Boo the hell out of the U.S. national anthem any time it’s played!
2024-11-28 0
Lower prices?! Of course that would be nice. Economically speaking, that means that a vast number of people want deflation. It could work in an economy not dependent on excess and consumerism, but the US economy is propped up on speculation and buying out of want rather than need. Deflation is considered an economic failure in this country. We target 2% inflation for fear that without it, people will buy less now and then there will be a downward correction on output and then jobs. \nIn any case, broad tariffs won’t be the answer to lower prices. A global economy is an efficient one, but often unfair or unkind in specific localities. The US has benefited from globalization and low cost labor elsewhere for decades. But the pendulum swung too far and now many Americans are feeling left behind. Tariffs could bring back jobs but on a 5 to 10 year timeline, not one 4-year presidential term, much less in a year.
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