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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carpediem · 61-69, M
@Carazaa We live in a world where manufacturing capacity is critical to national security. US leaders have foolishly outsourced manufacturing all over the world to the detriment of our middle class. Tariffs, along with competitive taxes, will bring manufacturing back to the US.
Increasing energy supplies will start the cycle to lower costs across the board. Tax reform will drive growth. Reducing government spending reigns in inflation. There's more to this than the price of Maple Syrup. We won't be making enemies. The world is a rough and tumble place and tariffs are part of the game. Economic dominance is one area where we can make a huge difference in the world without firing a shot.
Increasing energy supplies will start the cycle to lower costs across the board. Tax reform will drive growth. Reducing government spending reigns in inflation. There's more to this than the price of Maple Syrup. We won't be making enemies. The world is a rough and tumble place and tariffs are part of the game. Economic dominance is one area where we can make a huge difference in the world without firing a shot.
Carazaa · F
@carpediem Lets fire Federal Aviation Directors and have airplane crashes, lets cut healthcare and have polio and TB increase, lets cut WHO and be ignorant of the diseases coming in the country, lets cut federal programs to help the old, the poor and the needy and become a third world country with increased crime! Yeah!!!
Lets do that!!
Lets do that!!
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..😷
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 .
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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Prison1203 · 61-69, M
@Carazaa lot of those things are state taxes and property taxes that pay for those items, my property taxes pay for schools, fire and other items , I have a city watershed tax that pays for a new dam because the city it’s in didn’t keep it up so now it falls on the county to figure out how to pay for it , I never had that tax until the dam broke
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