So by Trump’s logic, if we buy more from a country (because we’re the richest in the world) than they buy from us, that’s a “tariff”
No. Words mean things. And misunderstanding concepts leads to bad policies, and higher prices/taxes for us all
No. Words mean things. And misunderstanding concepts leads to bad policies, and higher prices/taxes for us all
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Please read Chris Murphy‘s thread.
Big emphasis on the METH.
Big nasty mean troll stands at the bridge and says: “you wanna come in my country- give me $10… ooooh, you are carrying bananas and coffee — you owe me $50 to cross my bridge with those goodies.”
It’s more folklore than math.