I have not taken any economics classes. Someone tell me what he is talking about. #tariffs
https://www.cnn.com/2024/11/25/business/ceos-react-bessent-trump-treasury-pick
@Bix “let them eat cake”
😕 average families will be spending more of our budget on increased costs for necessities (food costs ⬆️ due to less labor available to harvest) so no money left for any ‘wants’. Less demand for items = no increase in prices for luxury goods. I have started telling my kids to get used to austerity.
@Bix It’s been a long time but I did take both macro & micro economics classes in college. It was very interesting, the professor was very good.
@Bix He's talking about trying to be the adult in a room run by Trump. The timer is running on how long it takes him to figure out he isn't there to provide sound policy, merely to provide the appearance of sound policy while doing whatever insane thing Trump decides is necessary.
@Bix
I haven't taken any economics classes, either, but I'm going to say: