Imposing this large, new, regressive tax on Americans will destroy jobs across the United States, will raise inflation, and will not affect the availability of fentanyl. www.aeaweb.org/articles?id=... www.piie.com/publications... @piie.com - ThreadSky

mclem.org • 120 days ago

Imposing this large, new, regressive tax on Americans will destroy jobs across the United States, will raise inflation, and will not affect the availability of fentanyl.

https://www.aeaweb.org/articles?id=10.1257/jep.33.4.187

https://www.piie.com/publications/policy-briefs/2024/why-trumps-tariff-proposals-would-harm-working-americans @piie.com

Reposted from Sam Stein

Trump going with 25% blanket tariffs on Canada and Mexico on day 1

Comments

minerva1.bsky.social•120 days ago

Where is our actual president?

jamesfeigenbaum.bsky.social•120 days ago

What do we think happens to fentanyl use in a recession or depression?

mclem.org•120 days ago

Meta analyses mostly agree that to the extent that the tariffs reduce growth and employment, they will raise use of (including) hard drugs

https://www.euda.europa.eu/publications/technical-reports/2024/impact-economic-recession-illicit-drugs_en

https://www.sciencedirect.com/science/article/pii/S0955395917300877?via%3Dihub

jamesfeigenbaum.bsky.social•120 days ago

Just mentally preparing for policy making by tweet is increasing my demand for hard drugs...

mclem.org•120 days ago

The Supreme Court will soon inform you that each and every policy grenade tweeted out from the crapper was, you see, precisely what the Framers intended

iamknifework.bsky.social•120 days ago

I just can't understand what they think is going to happen. What is their real motive here?

mclem.org•120 days ago

Things just got out of hand.

o.simardcasanova.net•120 days ago

I’m sure it won’t make things worse

🫠

boristhewizard.bsky.social•120 days ago

Maybe that's his plan. Blame the Mexicans and put them in camps.

chiliconkarma.bsky.social•120 days ago

For how long can such tariffs be endured?

shoutingboy.bsky.social•120 days ago

But they’ll have to pay a 25% tariff on fentanyl, right? That should lower demand

mclem.org•120 days ago

cc @kclausing.bsky.social

themicah.bsky.social•120 days ago

Glad I got my fentanyl in the emergency room last week!

phronimoss.bsky.social•120 days ago

Do you give any credence to the idea that he could gut the BLS and start reporting whatever stats he wants, Xi style? I know it wouldn't fool anyone paying attention, but most voters aren't paying attention.

mclem.org•120 days ago

Yes. The incoming Administration has a long track record of suppressing nonpartisan technical analysis that it doesn’t like, for example: https://www.the-independent.com/news/world/americas/us-politics/trump-white-house-refugee-report-economic-benefits-stephen-miller-policy-adviser-a7955066.html

I see no reason it will hesitate on other occasions to suppress or alter other numbers it does not like.

blue-zodiac.bsky.social•120 days ago

They did the same in Republican Georgia with a panel investigating rising mortality rates after abortion ban came into place https://www.bbc.com/news/articles/cdj3kxvl1j8o

mclem.org•120 days ago

P.S. The spiked study was redone and released once the censoring president was gone: https://aspe.hhs.gov/reports/fiscal-impact-refugees-asylees