Trump Tariff Speech versus Ferris Bueller’s Day Off #tariff #economicpolicy #economics #trump

[JosephGriesbaum]

Even the civics/history teacher from Ferris Bueller's Day Off knew more about history/economics and the economic effects of tariffs on the US economy than the Republicans Morons and the bronzered WannaBe King of Orange and his knuckleheads. 🤣🤣

[dpardo]

This dude not only plays an economics teacher but he is an actual Yale grad who specialized in law and economics and written several books on the subject. His dad wssone of the chief economic advisors during the Nixon administration.
But the sad part is that tariffs helped to push America further into depression.
Free trade equals free flow of goods and products. Free flow of goods and products means consumers are able to exchange money for these goods and products thus giving manufacturers incintive to buy additional raw materials and produce more products in order to make profits. When you slap a 25 percent tariff on raw goods or products, the manufacturers pass that on to the customer. This errodes consumer confidence and causes consumers to hold off buying goods. And this causes manufacturers to produce less and have a huge stockpile of surplus which in turn causes an economic death spiral.