Source item

Quoted context

These are the quoted author’s words.

@mattyglesias 1. Tariffs are the best tool of economic statecraft. 2. They are effective at reducing Fentanyl importing which kills 100k Americans. 3. Most other countries will cave and cave rapidly. 4. Several industries ares extremely strategic to the national security and need to be rebuilt even at the expense of some stock market turbulence. 5. The American middle class or lower middle class has been a victim of fake “free trade” since the late 1980s. 6. Tariffs are NOT inflationary. And any risk of recession is more than offset by interest rate cuts that are impending. Plus the new trillions of dollars being invested in the US due to tariffs…

rabois ↗