carpediem · 61-69, M
Tariffs drive investment in our own country. Locally made products are what we're after. If you want to lower inflation, you dial back government spending. One of the ways inflation happens is when the money supply grows too large relative to the economy. That's what happened under the last administration.
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Carazaa · F
@BizSuitStacy I hope you are right but I'm afraid you are wrong. Lets see if gas, goods, and groceries increase before you jump to conclusion about that.
BizSuitStacy · M
@Carazaa when Trump slapped a 25% tariff on China during his first term, how much inflation did the US experience?
Carlam · 70-79, F
That's a good point. Tariffs can often have the opposite effect by raising prices rather than lowering them. In the case of maple syrup from Canada, if tariffs are imposed, it could increase the cost for both producers and consumers. It highlights the potential downside of using tariffs as a tool to combat inflation. Instead, focusing on supply-side policies or other measures that don't disrupt trade flows might be more effective in the long run.
Reason10 · 70-79, M
You do not know what you are talking about.
Inflation is a matter of the MONEY SUPPLY. It's too many dollars chasing too few goods.
Inflation can ONLY be created IN Washington, BY Washington.
https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending a lot. So what does that mean for the American people? On this episode, we talk about the basics of inflation, what it means for your pocket book, your gas tank, and your grocery bill. This episode shows what happens when too many dollars chase too few goods.
Inflation is a matter of the MONEY SUPPLY. It's too many dollars chasing too few goods.
Inflation can ONLY be created IN Washington, BY Washington.
https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Of course, we all know the driver of the quantity of money is government spending priorities, and recently the government has been spending a lot. So what does that mean for the American people? On this episode, we talk about the basics of inflation, what it means for your pocket book, your gas tank, and your grocery bill. This episode shows what happens when too many dollars chase too few goods.
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whowasthatmaskedman · 70-79, M
@Reason10 You are making my point for me. Thank you. Like the monetary policies and Wall street have produced a successfull economy. Friedmans theories are fine in theory. As long as no people are involved. So an AI run economy will work beautifully with his models. But people are no tperfect. They are bad tempered, greedy and lazy at times. And sometimes even Trumpish. Then Friedman is useless and Keynes works, but still needs to be managed..😷
REMsleep · 41-45, F
I don't believe that these few tariffs are the major cause of inflation. It's just the scapegoat.
The government can control alot of causes for inflation which they don't.
Many companies are price fixing these days and colluding and they aren't being called out for it which our government should do also.
AI tools are being used by various industries to price fix and many companies are claiming that they have a right to use industry standard tools.
Agriculture pricing has been fixed. The DOJ sued the AI stats company called AgriStats in 2023 for selling this data to big industrial companies like Tyson, Smithfield Farms etc for violating anti trust laws to keep food prices fair. They can all see in real time what each other is charging and set pricing.
Tyson alone is set to make 2.2 billion this year up from 1.8 billion last year.
That kind of growth doesn't have to do with tariffs.
It has to do with monopolies and price fixing.
The government can control alot of causes for inflation which they don't.
Many companies are price fixing these days and colluding and they aren't being called out for it which our government should do also.
AI tools are being used by various industries to price fix and many companies are claiming that they have a right to use industry standard tools.
Agriculture pricing has been fixed. The DOJ sued the AI stats company called AgriStats in 2023 for selling this data to big industrial companies like Tyson, Smithfield Farms etc for violating anti trust laws to keep food prices fair. They can all see in real time what each other is charging and set pricing.
Tyson alone is set to make 2.2 billion this year up from 1.8 billion last year.
That kind of growth doesn't have to do with tariffs.
It has to do with monopolies and price fixing.
AthrillatheHunt · 51-55, M
You’re assuming Canada is the only producer of maple syrup. Tariffs open up new markets . We may be buying it from Norway for cheaper .
AthrillatheHunt · 51-55, M
@Carazaa maybe they’re right. Or maybe it doesn’t matter what a country of 5 million does anyway.
Carazaa · F
@AthrillatheHunt Its not good to make enemies!
AthrillatheHunt · 51-55, M
@Carazaa agreed 100% friendship and cooperation are always better .
jehova · 31-35, M
Thats correct tarriffs make the product cost more for the consumer. Tarriffs are supposed to make domestic products more attractive to the consumer bc those demostic products are cheaper by comparison.
Its unlikely to work but what else do we expect from a post retirement age (con man)
Its unlikely to work but what else do we expect from a post retirement age (con man)
AthrillatheHunt · 51-55, M
@jehova if the tariff on Canada goes into effect , expect record maple syrup sales from Vermont . Just like you said .
redredred · M
In the short run, possibly. In the long run it’ll spur domestic production, lower prices, build American jobs and increase security, both economic and military.
JimboSaturn · 51-55, M
@redredred The only problem is, can America make it's products cheap enough using higher waged American labour?
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Roundandroundwego · 61-69
Costs go to consumers, it's a regressive kind of tax.
But plans to cut costs, plans to make our lives affordable - end right there, pal! I dare you to try to make the solutions,- obvious solutions to me,- part of this discussion! NEVER ever,! That's not done.
But plans to cut costs, plans to make our lives affordable - end right there, pal! I dare you to try to make the solutions,- obvious solutions to me,- part of this discussion! NEVER ever,! That's not done.
whowasthatmaskedman · 70-79, M
Yes. I would think that was totally obvious. But someone has to pay for those tax cuts to the rich. I am afraid that the way America runs is now FUBAR and wont be fixed until there is some "discontinuous change"😷
sunsporter1649 · 70-79, M
@whowasthatmaskedman Does my savings account with $138.38 in it make me rich....lol
whowasthatmaskedman · 70-79, M
@sunsporter1649 Passing the obvious answer, it might, if you had nothing to spend it on because your mother still bought your clothes and paid all your bills and you lived in her basement. 😷
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Gibbon · 70-79, M
There's plenty of maple syrup available from all parts of New England.
ImperialAerosolKidFromEP · 51-55, M
Except this isn't really F anyone's I. It's f people who are going to scoff at the possibility of the obvious and imminent and then point the finger at DEI policies when it all comes crashing down around them. So... FYSATPOTOAIATPYFADEIPWIACCDAY. I like how the rolls of the tongue
JimboSaturn · 51-55, M
It's a tax on the consumer.
redredred · M
@JimboSaturn All taxes are taxes on the consumer. Consumers pay corporate taxes that are baked into price of goods and services.
JimboSaturn · 51-55, M
@redredred Agreed
Carazaa · F
@redredred We will see increased gas prices and groceries prices etc shortly if tariffs go into effect. Its obvious!
NBC news
NBC news
President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well.
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year.
Following are just a few imported goods that could be hit first.
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year.
Following are just a few imported goods that could be hit first.
MasterLee · 56-60, M
For who?
Want to raise cash, eliminate churches 501c3
Want to raise cash, eliminate churches 501c3
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Carazaa · F
@Prison1203 When you pay taxes for federal workers you don't expect someone to give them golden handshake letters to save money so the airports aren't safe.
Prison1203 · 61-69, M
@Carazaa I don’t recall any TSApeople being laid off
Carazaa · F
@Prison1203 If a new president talks about firing people, and sends out golden handshake letters, and the head of the agency is encouraged to quit it could traumatize people. I am curious if there was a hiring freeze too.