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#prices

24 posts19 participants3 posts today
Replied to Nonilex
Nonilex

The CGTN video displays images of car factories & humanoid robots dancing in burned-out streets.

"You taxed each truck, you taxed each tire. Midwest burnin' in your dumpster fire," the automated voice sings.

Economists say #consumers are likely to see higher #prices due to the #TradeWar & that the #US #economy could enter a #recession, while some US #trade partners are putting their own levies on American products - effects that #Trump has called a "disturbance". [he’s the disturbance]

Replied to Nonilex
Nonilex

The 25% #tariff on cars & car parts that #Trump is talking about goes into effect just after midnight. The #UAW union is a strong supporter of those #tariffs, but auto companies & economists have said they will lead to significantly higher car #prices & could even slow US auto production.

Trump said his tariffs offered an example of his admin “standing up for our great farmers & ranchers.” Reminder: in his first term, he had to bail farmers out after they were hurt by his #TradeWar w/ #China.

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Austrian

"Contrary to popular thinking, inflation is not about increases in prices, but about increases in money supply. Also contrary to various commentators, inflationary expectations—in the absence of increases in money supply—cannot cause a general increase in the prices of goods and services." mises.org/mises-wire/do-inflat #moneysupply #inflation #money #prices #economics

Mises InstituteDo Inflationary Expectations Cause General Increases in Prices? | Mises InstituteEconomists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that inflation is an increase in the
Alo Japan

alojapan.com/1233080/japans-to Japan’s Tourism Surge Leaves Some Residents Frustrated #customs #EtiquetteAndManners #FeesAndRates) #Japan #JapanTourism #KyotoJapan #MountFujiJapan #Prices(Fares #tourism #TravelAndVacations On two recent occasions, a foreign tourist walked into Shoji Matsumoto’s barbershop, through a front door that grates loudly when opened more than halfway, wanting a haircut. One was Italian, the other British. Mr. Matsumoto, who is 75 and speaks neither…

Japan’s Tourism Surge Leaves Some Residents Frustrated
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