Jaime Dimon of $JPM on the question of whether tariffs will cause inflation: "I mean, get over it. National security trumps a little bit more inflation."
Discussion
But tarifs reduce inflation .. they invariably lower the price as companies are incentivised to reconfigure their supply chains .. whenever you review , you always see better tech , smarter systems and willing vendors ..
Coming from someone with a $2.8 billion net worth, I am not surprised in the slightest. “A little bit more inflation” is a very big deal to some of us.
Marie Antoinette would be proud
Inflation is an increase of monetary supply. So, by collecting dollars through taxation introduces more local inflation. The real cure is to decrease the dollar supply or better yet back it with actual money.
The word “trump” there is an interesting choice.
Our national security is at risk because of inflation, and won't be saved by it. 🤡🌎