That tax burdens depend on the relative elasticities of supply and demand is one of those counterintuitive claims that has proven difficult to drill into people. That’s especially true for tariffs. But most of my problems would be solved if the “”Chief Economist””s of the world, like Oren Cass, would just take some economics classes for once, and stop publicizing lies and other nonsense. The lie featured here is the most egregious I’ve seen.
omnipotentsandwich on
I was subbing once and mentioned Trump raising prices through tariffs and some teenage boys tell me that foreigners pay the tariffs. That’s your archetypal Trump supporter: a petulant teenager who thinks he knows better than everyone else.
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That tax burdens depend on the relative elasticities of supply and demand is one of those counterintuitive claims that has proven difficult to drill into people. That’s especially true for tariffs. But most of my problems would be solved if the “”Chief Economist””s of the world, like Oren Cass, would just take some economics classes for once, and stop publicizing lies and other nonsense. The lie featured here is the most egregious I’ve seen.
I was subbing once and mentioned Trump raising prices through tariffs and some teenage boys tell me that foreigners pay the tariffs. That’s your archetypal Trump supporter: a petulant teenager who thinks he knows better than everyone else.