velvetty.bsky.social
@velvetty.bsky.social
www.economicforces.xyz/p/some-tarif...
Tariffs create distortions that represent pure economic losses that benefit no one. It’s like forcing someone to take a longer route to work—the extra gas purchases help the gas station. But extra time is simply a wasted resource; no one benefits.
Tariffs create distortions that represent pure economic losses that benefit no one. It’s like forcing someone to take a longer route to work—the extra gas purchases help the gas station. But extra time is simply a wasted resource; no one benefits.
Some tariffs are worse than others
My piece in the Financial Times and more thoughts on tariffs
www.economicforces.xyz
November 27, 2024 at 12:45 AM
www.economicforces.xyz/p/some-tarif...
Tariffs create distortions that represent pure economic losses that benefit no one. It’s like forcing someone to take a longer route to work—the extra gas purchases help the gas station. But extra time is simply a wasted resource; no one benefits.
Tariffs create distortions that represent pure economic losses that benefit no one. It’s like forcing someone to take a longer route to work—the extra gas purchases help the gas station. But extra time is simply a wasted resource; no one benefits.
