Wednesday, July 24, 2019

Listen Closely!

Listen closely to this 43-second video clip featuring Alan Greenspan. This should sound very familiar to clients and blog subscribers:

To quote the Chairman:
"Tariffs are a tax. And they're a tax not on your opponent, but on your own people; they pay the tax."
"Taxes are deflationary (i.e., they deflate economies). And so it was never true that somebody won a trade war."

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