Apparently, according to the AEI (the fact that they are lambasting this is notable in itself, but perhaps libertarians are constitutionally against tariffs, I don’t pay a lot of attention to them) even the equation they used has incorrect variables, relying on retail
price instead of import price for the calculations, which is obviously incorrect, since that would conflate US markup as something the originating exporter was doing as a tariff. In any case, they’re saying the tariff calc delivers values 4x higher than they should be using this particular calculation. If it was correct, most tariffs wouldn’t be higher than the 10% floor the admin specified.
Yeah exactly. They’ve got a lot of bad ideas, but they are reliable about it. It’s better than the pure grifters that seem to make up the rest of politics at least, you can at least know what they’re gonna be on about, and why.
Apparently, according to the AEI (the fact that they are lambasting this is notable in itself, but perhaps libertarians are constitutionally against tariffs, I don’t pay a lot of attention to them) even the equation they used has incorrect variables, relying on retail price instead of import price for the calculations, which is obviously incorrect, since that would conflate US markup as something the originating exporter was doing as a tariff. In any case, they’re saying the tariff calc delivers values 4x higher than they should be using this particular calculation. If it was correct, most tariffs wouldn’t be higher than the 10% floor the admin specified.
Libertarians consider tariffs as taxation so they’re anti from my understanding
Yeah ok makes sense. It’s a form of govt interference in the all-powerful market.
Yeah idk it’s a dog shit ideology but they’re somewhat consistent which is kind of nice lol
Yeah exactly. They’ve got a lot of bad ideas, but they are reliable about it. It’s better than the pure grifters that seem to make up the rest of politics at least, you can at least know what they’re gonna be on about, and why.
The market is god itself, do not get in the way of god.