You can say people don't need them but that's subjective and consumer behavior won't change overnight. I'm not even arguing that the import tax model is bad, but to say there would be no price inflation is wrong.
Our privilege in the United States has been based around being the country which prints the global reserve currency. Other countries buying US treasuries is a form of trade deficit. I understand that most Americans have been fucked by this system since they don't have access to newly printed money and lose their jobs overseas, but we've also been able to live far beyond our actual current productive abilities because of our global trade relationships. GDP is a horrible metric for measuring these things.
I'm not going to freak out about it, but I'm also not going to simp for more taxes and more trade restrictions. Let's see what happens in a year.
Zach⚡️
npub1hy…3ntt0
2025-02-03 18:18:41
in reply to nevent1q…hslj
Author Public Key
npub1hymqekqgkf8vhlgr2a0n6cmmre3v48l2g9dvv7mvtvg7790j35rqh3ntt0Published at
2025-02-03 18:18:41Event JSON
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"content": "You can say people don't need them but that's subjective and consumer behavior won't change overnight. I'm not even arguing that the import tax model is bad, but to say there would be no price inflation is wrong.\n\nOur privilege in the United States has been based around being the country which prints the global reserve currency. Other countries buying US treasuries is a form of trade deficit. I understand that most Americans have been fucked by this system since they don't have access to newly printed money and lose their jobs overseas, but we've also been able to live far beyond our actual current productive abilities because of our global trade relationships. GDP is a horrible metric for measuring these things.\n\nI'm not going to freak out about it, but I'm also not going to simp for more taxes and more trade restrictions. Let's see what happens in a year.",
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