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“The harm which a tariff does is invisible, it’s spread widely, there are people who don’t have jobs because of the tariff, but they don’t know they don’t have jobs.” — Milton Friedman

Joshua Reed Eakle 🗽

72,746 subscribers

48,011 Aufrufe • vor 1 Jahr •via X (Twitter)

Finanzen Nachrichten & Politik

Anya Rossi• Live Now

Private livecam show

3 Kommentare

Profilbild von Jose Rodriguez

Jose Rodriguezvor 1 Jahr

People keep focusing on the price hikes of specific products when here is the real damage that tarrifs produce, way y more deep and permanent: The loss of competitiveness, productivity and lower general standard of living

Profilbild von Mammoth Nation

Mammoth Nationvor 1 Jahr

Joe Biden said the quiet part out loud: they want to lock Trump up and throw away the key.

Profilbild von Thomas S.

Thomas S.vor 1 Jahr

Tariffs by another name become "consumption taxes" that hurt low and middle income people more because their daily necessities constitute a larger share of their earnings than for the rich.

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Milton Friedman: “There are two sets of effects of any action: the immediately visible effects and the widespread invisible effects.” “The invisible effects are often much more important than the visible ones, but people don’t see them.”

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