It is no nonsense that sustained price increases over time lead to inflation
Discussion
Sure if you print money to pay for them
But how are tariffs supposed to exacerbate or replace the hydrocarbon shortages causing the only sustained price increases ever in history?
If they don't print money, you pay for it with higher prices and consequently you are poorer... hence three possible paths: inflation, recession or a mix of both
That's an immediate change, not a continued sustained one
On the contrary, the more time passes, the more you will feel it if it continues over time (even more so for those with less purchasing power), unless we normalize it... now is when it will not be felt because the country, even though it is bad, has a strong economy to endure for a while
No, there's no reason the tariffs would have to keep increasing after reaching the point where they can cover current expenses. The authoritarians in charge right now have insane expenses, the expense ratio doesn't need to get worse