Peter Schiff: Tariffs Are a Band-Aid, Not a Cure - SchiffGold.com
Peter Schiff: Tariffs Are a Band-Aid, Not a Cure - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Schiff's critique of tariffs as inflationary tax increases disguised as industrial policy is correct, but it ignores the political economy: tariffs are popular precisely because the incidence is hidden. Voters see factory announcements and blame retailers for higher prices. A 10-year Treasury at 5.28% — up 27.5% year-over-year — suggests bond markets are less sanguine about fiscal sustainability than the electorate.