We'll have to wait and see if these tariffs are effective in resolving our trade imbalances or not. My personal view is that trade imbalances are not necessarily bad. Government spending is by far the greatest impediment to a thriving economy. And while that is being addressed by DOGE, it looks like Congress will not be going along with that.
“Government spending is by far the greatest impediment to a thriving economy.”
Government deficit spending is necessary to make up for trade imbalances.
Otherwise, the Chinese, Japanese, Koreans and other foreigners would wind up with an ever-increasing percentage of the dollars.
Millions of voters must be moved to payrolls and away from the Democratic vote-buying troughs.
Fixed it.
“By any definition, a tariff is a tax”
And it’s a mostly voluntary consumption tax.
A voluntary tax is a fun concept to me.