Trump tariffs ruled illegal

AOG said:
get the fuck out of here…. no amount of smoke and hand waving gets rid of your cult leader's tariffs… which alone are bad enough, but by all non propaganda accounts (I mean from real economists and actual surveys) people view the economy in a downward motion now, all thanks to your idiotic president.
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Both Bob and I gave thoughtful answers that went into why we think tariffs won't be passed on.
Previous tariffs had a pass on rate of basically less than a hundredth of a percent.
Simply calling that "hand waving" and "smoke and mirrors" isn't an argument. It's definitely not "destroying" our points.
Keep on keeping on i guess.
 
AOG's tariff discussion summary again.
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AOG: Elasticity begone!
And then like magic, AOG thinks it disappeared.
 
Elasticity is smoke and mirrors is what I learned from this thread. Might as well jack up my prices by 100% since that won’t affect sales volume.
 
Bob_C said:
Elasticity is smoke and mirrors is what I learned from this thread. Might as well jack up my prices by 100% since that won’t affect sales volume.
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Economics is really a chaotic system. Sure, elasticity has an affect on the system. The problem is that Trump has introduced a completely new magnitude of change. Not a qualitative change, since there usually is tariffs. But a quantitative change. He also introduced near universal uncertainty. It's like changing the rules of football midway through the game. People are just going to run simple plays and hope to escape without getting trounced.
 
AOG said:
Bob_C said:
Elasticity is smoke and mirrors is what I learned from this thread. Might as well jack up my prices by 100% since that won’t affect sales volume.
Click to expand...
Economics is really a chaotic system. Sure, elasticity has an affect on the system. The problem is that Trump has introduced a completely new magnitude of change. Not a qualitative change, since there usually is tariffs. But a quantitative change. He also introduced near universal uncertainty. It's like changing the rules of football midway through the game. People are just going to run simple plays and hope to escape without getting trounced.
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I agree that there's plenty of money sitting on the sidelines waiting to see what happens.
Certainty is not a governing principle though.
Spending, taxes, and trade as it stood would certainly run the US bankrupt.
 
Actually Trump introduced massive qualitative (uncertainty increase) and quantitative changes.
 
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AOG said:
Actually Trump introduced massive qualitative (uncertainty increase) and quantitative changes.
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Remember when AOG complained about massive qualitative and quantitative changes stemming from the dementia patient's open border and end US oil and gas policies? Me neither. America Last is definitely the best economic policy. AOG learned that somewhere. Also elasticity is dead.
 
WestlinnDuck said:
AOG said:
Actually Trump introduced massive qualitative (uncertainty increase) and quantitative changes.
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Remember when AOG complained about massive qualitative and quantitative changes stemming from the dementia patient's open border and end US oil and gas policies? Me neither. America Last is definitely the best economic policy. AOG learned that somewhere. Also elasticity is dead.
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Gawd, lost the whataboutism straw-manning bullshit!
 
WestinnDuck … thinks to win an argument he needs to prove something other than what is being argued. Logicians call this "attacking an opponent where he is not located."
 
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Because bringing up the 1870s in every post is right on topic
Why don't you girls get a room
WestlinnDuck owns you
 
“We were at our richest from 1870 to 1913. That’s when we were a tariff country. And then they went to an income tax concept,” Trump said days after taking office. “It’s fine. It’s OK. But it would have been very much better.”
 
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