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Replying to Avatar HoloKat

Imagine being a nation that doesn’t produce anything, telling all the producers what to do.

Trump’s threat of 100% tariffs would backfire massive. What it means in practice is higher prices for consumers, massive inflation to keep purchasing power up, a further weakening currency, LESS foreign investment, not more - because they also have to rely on imports to produce in US…

The producer only needs to raise prices to make up the losses…

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Paulo 11mo ago 💬 3

Would be a great time for Americans to read Economics in One Lesson (chapter 11 in this edition) https://www.liberalstudies.ca/wp-content/uploads/2014/11/Economics-in-One-Lesson_2.pdf

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HoloKat 11mo ago

Good one!

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Jingjo 11mo ago

nostr:nprofile1qqswnhpuu5t78er523qypvn2gcqgn5f8fxs6vprf7g35jxe3renjw9gprfmhxue69uhkymmnw3ezumr9vd682unfveujumn9wshsz9mhwden5te0veex2mnn9ehx7um5wgcjucm0d5hsz9nhwden5te0dehhxarj94ex2mrp0yhxzurs9ujj32rj Let's fooking go🔥

nostr:nevent1qqs8m95vxn8dzducnem40dfrwf9jfak4kkwk88g4d85nq7g8nh5098gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9jnxrkh2z7x0d9wf5jglmljxhwqf04h54uy2d2shreprehcyxg8qpsgqqqqqqsp8p7ny

#siamstr #bookstr

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Pawn Dev 11mo ago

Man, such a classic! I was after this book but couldn't remember the name. Thanks

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