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‘Greatly Exaggerated’: CNBC’s Rick Santelli Pours Cold Water On Narrative That Trump Tariffs Would Doom Economy | Harold Hutchison, Daily Caller News Foundation CNBC editor Rick Santelli said Tuesday that tariffs imposed by President Donald Trump apparently were not causing inflation to skyrocket following the release of data on... show more
33,652 просмотров • 1 год назад •via X (Twitter)
Комментарии: 9

Inflation is driven by an expansion of the money supply. 40% of all money ever created occurred under Biden’s 4 years. That’s why everything is now 40% more expensive than 2019. The money expands to meet the “demands” of reckless spending in the WH and Congress. EndTheFed. The end.

@ScottAdamsSays “When you remove food and energy” Yeah, who needs those 🙄 The previous admin did the same thing

Jim Cramer on April 1st "Speaking as someone who's not a fan of free trade, I have to be honest here: A 20% across-the-board tariff on almost all imports, that would be horrendous for the economy." I'll just leave it there.

inflation is on fire again.

Maybe not doom but things sure feel stagnant. This isn't like Trump's first term where it felt like the shackles on the economy were removed. It feels like we were primed to heat up only to have a fire blanket thrown over the country.

@ScottAdamsSays Sorry, huge Trump fan…2.7% inflation is a BAD number. STILL needs to get below 2%. It’s higher than before Trump got into office. Needs to be brought down.

Inflation is already going up and the tariffs are hardly in effect... It is only going to get worse. Shortages will eventually hit as well.. cough.. sugar... cough...

@ScottAdamsSays Santelli is a hack. If he was honest, he would tell his audience that tariffs are paid by American businesses and at some point passed on to consumers. Not one country that exports to the United States pays the US import duties. It’s a tax on businesses and consumers. Period.

Removing food and energy is misleading. We kind of need those things. But what's being missed in these discussions/narratives is that the economy is dynamic, not static... Most consumers aren't stupid. If the price on your favorite coffee goes up, you move to a cheaper brand. Your behavior depends on your income, of course, but the substitution effect is real... I think it will take a year to see where the economy is going. Predictions about how a specific tariff will impact prices doesn't consider human behavior or all the other things going on in the economy. But it's good TV!
