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Tariffs don’t increase inflation, they mostly transfer it: imports get expensive, Made in America gets cheaper.
What does cause inflation is $2 trillion deficits and bankers printing loans out of thin air.
Jul 18, 19:30
We’ve seen essentially zero tariff inflation after 4 months.
Jerome Powell keeps warning it's right around the corner. While Secretary Bessent claims tariffs “cannot” cause inflation.
So who's right.
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