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Michael Clemens
mclem.org
did:plc:skf244z64dfa5yvynksq65ij
I saw a comedian say: after 10 months, he hasn't figured out what "tariffs" are.
Bottom line: US tariffs are essentially sales taxes on lower-income and retired Americans.
The explicit goal+mechanism of tariffs is to force those people to pay more for the same products.
https://doi.org/10.1111/iere.12648
2025-10-19T16:31:37.358Z