I've tried to implement this a bit with friends/family who are caught up in the tariff spin cycle but are capable of higher cognition.
They are confused, afraid, angry. Everything they read/see gets them into a panic state. My response? I reference the phase 1 first tariffs (most are not even aware they occurred) and point them to this somewhat intimidating--but readable--document:
It outlines the problems with our current course of action, the inevitable outcome if we do nothing, and the plan of action theorized in said paper seems to match what Trump's team is executing. It outlays a global summary of tariffs, a range of price affects, and gives an idea of the potential benefits of the tariff program.
My argument: wouldn't it be more productive to invest time in understanding the policy in detail than in being upset about imagined scenarios that never even came to fruition in phase 1?
It's shameful that so many class warriors don't even comprehend that this program essentially favors many of their alleged pursuits.
I've tried to implement this a bit with friends/family who are caught up in the tariff spin cycle but are capable of higher cognition.
They are confused, afraid, angry. Everything they read/see gets them into a panic state. My response? I reference the phase 1 first tariffs (most are not even aware they occurred) and point them to this somewhat intimidating--but readable--document:
https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf
It outlines the problems with our current course of action, the inevitable outcome if we do nothing, and the plan of action theorized in said paper seems to match what Trump's team is executing. It outlays a global summary of tariffs, a range of price affects, and gives an idea of the potential benefits of the tariff program.
My argument: wouldn't it be more productive to invest time in understanding the policy in detail than in being upset about imagined scenarios that never even came to fruition in phase 1?
It's shameful that so many class warriors don't even comprehend that this program essentially favors many of their alleged pursuits.