Peter Schiff: Tariffs mean fewer goods will come into the country, and fewer dollars will go out. More money chasing fewer goods means higher prices!

X ^ | March 31 | Peter Schiff

[Omnivore-Dan]

I know it’s a short term thing, but Trump and his team work fast. I don’t think it will take all that long, especially once the oil and gas start flowing again. It will take a little time, but cheap energy is the key to it all. And I think J.D. Vance will be the next president.

[Vaduz]

Ding ding ding winner

[bobbo666]

Oh, BS! Who is paying you to troll like this?

Market forces always control. A tariff will temporarily raise prices on goods produced in THAT country — the one that earned the tariff. Other countries that do not will flood the market with replacements.

In the long term this will cause US companies to produce better, safer products. Higher price? Yeah. But, their salaries will stay in the US.
The whiney arsed trolls against this are in the pay of the CCP which produces the trash nowadays.

[axxmann]

Wanna bet?

[powerset]

“The highest inflation rates can be found in products/services that are most “captive” to U.S. sourcing. Health care and education are notorious in this regard.”

These are perhaps the most highly government subsidized major categories of products and services. (Biden even tried to make education totally government subsidized.)

So it’s not at all clear if being “captive” had much to do with their inflation rates.