Thread

1. dabinat · 1789588567 · focus · HN ↗

   Prediction: this causes a recession in two years, right after a Democrat wins the White House, who will be blamed for it. The economy will turn around after a few years, just in time for a Republican to win and claim they fixed it.

   This is how Republicans have a reputation for being economically savvy despite actual evidence to the contrary, because the general population doesn’t understand that economics runs on a time delay.

   1. jameslk · 1789589453 · focus · HN ↗

      Both parties are responsible for the inflation and debt. Fiscal policy is largely driven by congress, not the president

      1. UncleOxidant · 1789592471 · focus · HN ↗

         This president single-handedly raised tariffs on goods from all over the world.

         1. RickJWagner · 1789606125 · focus · HN ↗

            Yes. It is a tax. He raised a tax.

            You might argue it is inflationary.

            1. carefree-bob · 1789606845 · focus · HN ↗

               By that logic, interest rate hikes should be inflationary.

               It is highly unusual to argue that taxation is inflationary since the whole point of inflation is to reduce demand.

               1. RickJWagner · 1789676923 · focus · HN ↗

                  The whole point of inflation is to reduce demand? Please further explain, including your ideas about causes and effects.

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