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Safest and most accurate to assume that every single sentence Donald Trump says is a lie.
Kids deserve space to make stupid mistakes as they grow up. I’m glad I could do so in an analog world, so that my mistakes don’t follow me around forever.
Inflation is an increase in prices.
It can be monetary inflation, as you describe. Most people have no clue about printing and purchasing power debasement as the insidious tax that it is. I agree with you.
But there is also price inflation. If people stockpile toilet paper in a pandemic, available supply dwindles and the price of toilet paper skyrockets until supply can adjust to meet demand.
If 20% across-the-board tariffs cause prices of imports to increase, I think Americans will call it “Trump Tariff Inflation,” regardless of what Trumpers want them to call it.
Similarly, if the cost of a new roof doubles, because American laborers charge twice what a Mexican crew would, people will call that “Trump Deportation Inflation,” and I don’t think they will care about academic definitions. They will rightly blame Trump for higher prices.
Tariffs CAUSE inflation. So do tax cuts, and so deportations if cheap labor is impacted.