A Simple Question For Trump Critics - What's the Viable Alternative To Tariffs?

17 hours ago 5
<![CDATA[It doesn't seem to matter where you turn in the resistance media. The Liberation Day tariffs handed down by Donald Trump, they will tell you ad nauseum, are going to be the cause of our ruin. The global markets are in freefall, and if only we had gone a different direction last November, none of this would have happened. Here's the problem. A large part of the reason Donald Trump was elected to his second term as president was because he convinced a majority of the country that the economic status quo was not sustainable. He made the case time and time again in the swing states at rallies, in the debates, and on television, radio, and podcast interviews. The message resonated, because instinctively, Americans know we can't keep racking up these trillion-plus dollar deficits while simultaneously hollowing out the engine of our GDP by transitioning to a service economy instead of a manufacturing economy. Very few people on the right are fans of tariffs. Trust me, I've seen all the videos by Milton Friedman, Paul Volcker, Ronald Reagan, and Thomas Sowell. Even fewer people understand them and what they can do if used effectively. I just look at the big board - the deficit annually and the cumulative U.S. national debt, and keep coming back to the big question - if not tariffs, then what? Lots of countries have faced serious fiscal crises over the years, and have deployed differing measures of austerity to combat them. In the United Kingdom, after the global 2008 economic crash, a series of policies were implemented that by October, 2010, included this, from the New York Times. ]]>
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