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0 sats \ 0 replies \ @justin_shocknet 8 Apr \ parent \ on: Trump’s Tariffs Are Economic Folly, Top to Bottom | The Libertarian Institute econ
Fiat is why the tariff rates themselves are a red herring, this isn't as much a trade war it's a currency war.
The trade deficit is a currency manipulation, not necessarily tariffs.
The point is the author is a moron believing in sound money but simultaneously not understanding the multiple.