FYI- If we want to lower inflation then tarrifs might do the opposite, it might increase prices instead!

I think it might increase gas, food, and goods like tv's etc.

Example! If we buy maple syrup from Canada and Canada has a tariff then Canada will increase their prices on Maple syrup and we have to pay more for that maple syrup!

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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.

whowasthatmaskedman · 70-79, M

@Reason10 Milton Friedman is a right wing crock.. He keeps spouting "Free Market" like ir means anything outside the classroom or computer model. Once you let people into a market it is no longer free. People cant keep their hands off it..😷

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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..😷

Carazaa · F

@Reason10 If USA puts 25% tariff on Canadian goods, then the maple Surup will increase in prize for us . Do you understand how it works?

Reason10 · 70-79, M

@whowasthatmaskedman Friedman's TRUTHS helped fuel the Reagan miracle, the LONGEST SUSTAINED economic expansion in history. Keynes has NEVER worked. Keynes is the reason :America is TRILLIONS of dollars in debt.

Reason10 · 70-79, M

@Carazaa If we decide to buy Canadian maple syrup. If we decide to buy domestic made syrup, we save money and Canada loses the sale. That's how the FREE MARKET WORKS. People are FREE to look for alternatives.

whowasthatmaskedman · 70-79, M

@Reason10 Thats precisely how it works. Except maybe that the Canadian product may be the cheaper alternative pre tariff. So the consumer does end up paying more buy buying the US alternate. And thats inflation..😷

whowasthatmaskedman · 70-79, M

@Reason10 Well. No..The reason the US is Trillions in debt (and I regard it as progress that people are finally noticing this) is that America consistantly imports more $ value in goods and services than it exports. And I might add a lot of the government speanding that exceeds revenue (taxation) collections.Another squadron of F35s? Sure! Put it on the tab...😷