* COMMERCE SECRETARY NOMINEE LUTNICK SAYS TARIFFS ARE NOT INFLATIONARY, SAYS SUGGESTION IS "NONSENSE" -- SENATE HEARING @reuters.com - ThreadSky

carlquintanilla.bsky.social • 41 days ago

* COMMERCE SECRETARY NOMINEE LUTNICK SAYS TARIFFS ARE NOT INFLATIONARY, SAYS SUGGESTION IS "NONSENSE" -- SENATE HEARING

@reuters.com

Comments

pfleckwillison.bsky.social•41 days ago

What school of thought did he graduate from? Dumb.

roadsister.bsky.social•41 days ago

Who is going to pay the tariffs? Trump ?

cew1983.bsky.social•41 days ago

Yikes, looks like someone didn’t pass Econ 101.

mreddie8976.bsky.social•41 days ago

The Federal Reserve would like to have a word...

Inflationary, *and* they slow growth

And that's not speculation, it was proved in 2019, when the orange felon put on tariffs. This time around will be worse

https://www.bloomberg.com/news/features/2025-01-28/could-trump-s-tariffs-slow-us-growth-it-happened-last-time?srnd=homepage-americas&sref=bZD4Qe2W

janediesel.bsky.social•41 days ago

Willful blindness

dustyknews.bsky.social•41 days ago

Powell might have some thoughts..

davehigginsconsulting.com•41 days ago

Are these people lying or stupid? Or both?

sjlessman.bsky.social•41 days ago

Both. But more stupid

michaeldemonowski.bsky.social•41 days ago

My money is on stupid

robert-t-scannell.bsky.social•41 days ago

He’s so full of shit, he knows very well that tariffs are absolutely inflationary , yet another sign of the delusion that consumes Trump world

elitache.bsky.social•41 days ago

He’s disingenuous, just like the whole rotten crew

ron1963.bsky.social•41 days ago

Well let's see, let it rip ...

billford123.bsky.social•41 days ago

followup question: Please explain how a tariff works, and please explain how inflation works. Now lets put 1 + 1 together.

abellemare09.bsky.social•41 days ago

Bonne chance puisqu'il veut mettre des tarifs sur tous les produits importés au Canada!!!

antonvangramberen.bsky.social•41 days ago

Denying reality is nonsense.

flyndogsports.bsky.social•41 days ago

Tell me you are completely unqualified to do your job without telling me you’re completely unqualified to do your job.

blamemacbif.bsky.social•40 days ago

Freshman Economics 101 class: Hold our beers...

dan4ucla.bsky.social•41 days ago

Lutnick is a scumbag. Pure and simple.

lotainslotaouts.bsky.social•41 days ago

Maybe in some weird long-term equilibrium sense, maybe....but in real world terms, the importer pays the tariff and has no choice but to pass it on to the consumer

This guy cannot actually be this stupid, right...?

lakerider.bsky.social•41 days ago

Disqualifying

jamesondaniels.bsky.social•41 days ago

This is good. Let it happen, every day, every hour; death by a thousand cuts. Then, after that, perhaps America will gets its democracy back.

pt109.bsky.social•41 days ago

Free follow up for any Democrat:

“Jamie Dimon disagrees. He believes that tariffs will be inflationary and that the American public should ‘get over it’”

Get the quote out there. Have Lutnick contradict Dimon. Let them fight.

herzgutreich.bsky.social•41 days ago

Isn’t “get over it” really “eff you”?

cindyrugeley.bsky.social•41 days ago

Well that is something

lapeemommee.bsky.social•41 days ago

What a knucklehead! 🙄

junowoodruff.bsky.social•41 days ago

I personally don’t know anybody who thinks tariffs aren’t inflationary.🙁

renaroasts.bsky.social•41 days ago

Then why has coffee already gone up? Even the MENTION of them IS INFLATIONARY. These humans are from another time-line where knowledge has been hijacked by the Musk and Thiel white patriarchy.

solmidog.bsky.social•41 days ago

Pay no attention to the man behind the curtain

dolanj64.bsky.social•41 days ago

I guess overt acts that make things cost more are not inflationary now? Got it!

smb6789.bsky.social•41 days ago

When you have to defend the indefensible

You sound insane

hrpac.bsky.social•41 days ago

That sky isn't blue, I insist you believe me.

michelson.bsky.social•41 days ago

econ-001.bsky.social•41 days ago

i'd be interested in hearing why he thinks it isn't inflationary.

herzgutreich.bsky.social•41 days ago

There is an argument that tariffs are temporarily inflationary. Just like “temporary” taxes they never go away.

abssyeast.bsky.social•41 days ago

Let me guess, “the only thing that causes inflation is increases in the supply of money.”

jennipherb.bsky.social•41 days ago

So the way I’ve seen it explained (not saying I agree) is tariffs will replace other taxes (corporate, income…) and the net to the consumer wouldn’t be higher. Of course most Economists disagree.

maddness.bsky.social•41 days ago

Gaslighting …. Trump style …

call it what it is
Unadulterated lying

schmada.bsky.social•41 days ago

#bestpeople

endtimesjen.bsky.social•41 days ago

Commerce nominee is LYING.

philgroom.com•41 days ago

Gaslighting. Bad intentions. Needs to be called out as such as much as possible.

sjlessman.bsky.social•41 days ago

*opens up an American History textbook to the chapter on president hoover. Shoves her nose in it*

dood1.bsky.social•41 days ago

Either he's really stupid or he's lying! What do you think?

freshpeppers.bsky.social•41 days ago

Quotable quotes…

suandog.bsky.social•40 days ago

Maybe he can find the rock Pelosi is hiding under?

wiese2154.bsky.social•41 days ago

These nominees might as well be AI Bots. All they do is channel Donald Trump's stupidity.

brianmcelroy.bsky.social•41 days ago

Pathetic human

texasgeologist.bsky.social•41 days ago

Well, to be fair, the highs tariffs in the early Thirties did contribute to worsening the Great Depression. As John Kenneth Galbraith said, "The worst continued to get worse."

https://youtu.be/yuOHbyuanbY?si=uFSxvn8DLRma6ynX