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What needs to be said about the Trump tariffs that has not already been said?
I read an article today on MSN.com with Ray Dalio himself warning about the United States sliding into a 'recession' or 'worse'.
Ray Dalio, founder of Bridgewater Associates, one of the world’s largest Hedge funds, recently issued a stark warning on NBC’s “Meet the Press” show, cautioning that the American economy is teethering on the edge of a recession—or may be potentially something worse—if the current economic policies are mishandled. Dalio, who accurately predicted the 2008 financial crisis, pointed to President Trump’s aggressive tariff policies as a major destabilizing force.
I will say it again, and this time in Esperanto:
La tarifoj estas malbona ideo. Ili estas terura politika instrumento.
A direct appeal to Ricardo's Theory of Comparative Advantage is all that is needed. How did Atanu not see something like this coming?
Dalio's analogy of it being similar to "throwing rocks into the production system" is quite accurate.
Dalio criticized the chaotic implementation of Trump’s tariffs, aimed at boosting U.S. manufacturing and jobs, likening their impact to “throwing rocks into the production system.” He emphasized that the difference between a “stable” and “disruptive” approach to tariffs could determine whether the economy weathers the storm or plunges into chaos.
How did Atanu not see something like this happening?
Inkredebla! (Trans. : "Unbelievable!")
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I personally don't want to get involved in political debates this week, involving the current administration as far as possible. I also don't want to get personally involved this month also if possible, lol.