Retaliatory tariffs & global supply chains mean the standard Econ 101 models are too rosey argues Brian Albrecht. It's even worse. In the standard graph, domestic producers are winners. In reality, most producers lose, too.

@BrianCAlbrecht How do you respond to the many businessmen interviewed on CNBC who say that tariffs are a good negotiation tactic to bring China and others to the table. Also, how do you respond to an overvalued dollar that hurts domestic manufactures.

@BrianCAlbrecht You would think people that love Thomas Sowell so much would care about what he has to say on Tariffs.

@BrianCAlbrecht He only has concepts of a tarrif plan He lied to voters saying they are paid by countries exporting goods so he’ll just lie more later. - “I already implemented them” - “I scared world leaders with them and got us (myself) a deal.” - “I never said I’d do massive tarrifs. 🙄

@BrianCAlbrecht Thank you for posting

Superb as always!

@BrianCAlbrecht Thanks for highlighting my paper in your video