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Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development

Well, I've studied almost 4600 years back history of economics and coinage and never came across the situation where imposing more tariffs have lead to less taxes, it has been exactly the opposite.

If you study economics and politics, you most likely know that imposing tariffs will lead to less productivity and rising prices, that will lead to more demand for government intervention, which will always result to more taxes, not less.

What I'm saying is that it's the people who pay the tariffs, not businesses and definitely not nations.

For example, if Canadians make same quality shoes they could sell for $50 that costs $100 from American shoe maker. Then America puts $50 tariff there. Who pay that $50?

It's the american people and consumers who will pay for it!

Also, now that they have to pay $50 more for the shoes, they can't use that $50 to buy something else and raise the productivity there. It's a lose-lose situation for the people and for the businesses.

And who run the businesses, work there and are the customers?

Tariffs are applied to people, not nations. They hit mostly to the people in the nation imposing it.

So you'd shoot yourself in the left leg if somebody says it'll help the itch in the right leg?

Why not to just fix the problem with the right leg in the first place?

In fiat world, the question is never about if we should print the money, it's always about when to print, for what and how much.

https://www.reuters.com/world/europe/eu-defence-plans-could-mobilise-800-billion-euros-von-der-leyen-says-2025-03-04/

Friendly remainder that #Bitcoin continues not to care. Everybody can just chill out