Monday, December 2, 2019

An Early Christmas Gift from the President


Ho, ho, ho!

The President has just tweeted out news of a Christmas gift for the American people.

In a series of tweets, the President has announced that he is restoring tariffs on Brazilian and Argentinian steel and aluminum imports.

Of course, tariffs do nothing but increase the price or limit the imports of goods so taxed. hey are a tax on the American people.

Merry Christmas.

But Trump didn't stop there, he then went on to criticize the Fed for not lowering interest rates enough. That is, he wants the Fed to pump more money into the system which will distort the economy even more. Also, we are on the edge of an acceleration in price inflation, more Fed money pumping will simply make the inflationary advance more intense. It's something to look forward to in the New Year.
-RW

2 comments:

  1. Of late I wonder who will save us from the tin plated despot bully dictator and the recall the world at large is cheering for our downfall. Blowback is a bitch.

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