1,686 karma · joined February 12, 2014
Tariffs result in higher costs to consumers in the short term due to the additional tax consumers have to pay. This extra tax is harmful to the economy. The reduction in economic growth is deflationary and sufficient to counter inflationary pressure from higher prices on tariffed goods. As a result, tariffs should lead to deflation or have at most a neutral effect on inflation.
Did I sum that up correctly?
Despite not having concrete proof, I think there's a fairly plausible chain of events from tariffs to broader price increases. Trump's tariffs include a 10% tariff on Canadian oil and gas. If you're in a region that relies heavily on these things coming from Canada you're going to see prices go up on your monthly energy bills, fuel for your vehicle, etc. This also affects local businesses and directly increases their costs. Businesses can only absorb so much of an increase before they raise prices. Now you're able to buy even less between your increased monthly expenses and the higher prices in stores. This makes you go to your boss and ask for a raise just so you can keep up with what your purchasing power used to be. If your boss gives you that raise, the business sees their expenses go up again and may need to raise prices as a result.
In the scenario I described above, what step do you think won't happen that allows us to prevent higher energy prices from leading to inflation?
[0] https://carnegieendowment.org/china-financial-markets/2021/0...
If your boss fired you today and then called you up next week saying they'd made a mistake and offering you your old job back how charitable would you feel?
When funding for cancer research gets cut, do you think the studies that lost their funding can all suddenly pick up where they left off if funding comes back at some point in the future?
When jobs ensuring safety are cut, even if they're brought back, are you ok with the additional risk during the time period they're off the job?
Full Disclosure: I am an investor in LEAH Labs.
Second, is this a problem? Should all government grants have a strict goal of advancing science? Doesn't the government have a interest in spending money in ways that promote equitable outcomes?
What "facts and circumstances" are we interested in? Your original post mentioned ending business relationships due to political stances. Did you mean the political stance of the advertisers, the platform hosting ads, some third party or parties, a combination of the above, or something I've missed?
> What does that even mean? Supposedly these agencies already know what they're tasked with, no? If not... well I mean that's straight up irresponsible.
It means the supreme court just gutted the agencies ability to make and enforce regulations. The agencies have lots of experts who know what they're supposed to be regulating they just aren't allowed to do that in many cases now. Unless congress writes things explicitly into law you can expect legal challenges to just about any regulation the agencies try to put forward.
> The other part of this I don't get is that people have been complaining about the "Revolving Door" problem in these agencies for a long time now. They're not sacred, and further we know they're not sacred because we've been complaining about their corruption. So why pretend they're sacred now?
Why do you think these two issues are opposed? The answer to weak and lax regulation isn't to remove the ability to regulate.
> Why are there no solutions?
What solutions are you proposing? Do you think your solutions have any chance of getting anywhere in the current political climate? Who benefits from the status quo and how much effort will they put in to block a solution?
What would such a law look like?
Let's pretend we're in congress and want to pass a law limiting pollution in lakes and rivers.
One option would be to have a bunch of experts tell us what we should explicitly ban and write those into the law. This option would mean we need to revisit the law every few years as the science changes and new harmful chemicals are developed or identified.
If instead we want the agency to be able to adapt to new situations, how do we word it in a way that won't be overturned? Congress is in charge of legislating. When does writing rules for what is and isn't pollution cross the line to legislating? Can congress turn any of that power over to executive branch agencies without a separation of powers argument coming up?
I have some views on this supreme court and believe they're driven by ideology and not a consistent legal framework. Even if you believe they are completely impartial how would you protect these laws against a future court that may not be?
Do they? I don't work in law but at every company I've worked we adjust who is working on what based on needs at the time. Why wouldn't a law office temporarily shift more people to a case if they needed some extra manpower?