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I'm glad that Donny's new guy at Treasury gave this explanation. All those egg price folks will breath easier now.
“tariffs can’t be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money to spend on the other thing, so there is no inflation.”
holy crap - #politics
@altucker They don't come much dumber.
I don’t even know what to say.
@ITKV it's kind of unfair that those of us that didn't sign up for this are going to be affected just as much. The "I told you so"s are not going to help lift my spirits too much.
@altucker Have ANY of these dumbfucks studied even basic Keynsian economics?
Sweet baby Jesus...