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economics trumpsterfire

Waiting for Soybeans to Break 800

Trump’s policy of handing over buckets of cash to farmers to compensate them for the damage his trade policy is causing them is far more socialist than anything the democrats are suggesting. This is the MAGA lined road to serfdom. From: econbrowser.com https://econbrowser.com/archives/2019/05/for-corev-waiting-for-soybeans-to-break-800

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economics

Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say

“U.S. consumers and businesses are paying more than $900,000 a year for every job saved or created by Trump steel tariffs, according to calculations by experts at the Peterson Institute for International Economics. The cost is more than 13 times the typical salary of a steelworker, according to Labor Department data, and it is similar […]