Post #2324332

"Supply chains that took forty years to weave were unwound and rerouted in eighteen months. If you set out to break American soft power on purpose, the policy you would design is approximately the one we ran. If you set out to enrich a small number of importers with refund checks while the consumers who paid the underlying tax got nothing, the policy you would design is the one we ran. If you set out to give the farmer a bailout funded by the tax that broke the farmer, the policy you would design is the one we ran. The question is not whether the policy succeeded. The question is at what." https://surfnukumoi.substack.com/p/the-tariff-receipts-were-always-there