This is seriously one of the stupidest things I’ve ever read.
Like, see it’s not inflation because instead of buying two things they need people will just buy one thing. Which is fine …
Like, see it’s not inflation because instead of buying two things they need people will just buy one thing. Which is fine …
Reposted from
Carl Quintanilla
".. During a radio interview Saturday .., Bessent said 'tariffs can’t be inflationary because if the price of one thing goes up -- unless you give people more money -- then they have less money to spend on the other thing, so there is no inflation.'"
@cnn.com
www.cnn.com/2024/11/25/b...
@cnn.com
www.cnn.com/2024/11/25/b...
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