Why Tariffs Do Not—and Cannot—Cause Inflation
Kato comes for Kudrow on inflation and tariffs The notion that tariffs cause inflation has become a hypervirus that infects the minds of President Trump's critics, and appears to be immune to the usual antibiotics of economic evidence and logic. The latest occurrences are provided Norbert Michel and Jai Kedia of the Cato Instituteclaims that […]