06.13.2019 0

Deflation, not tariffs, caused the Great Depression, but Trump tariffs can help get China to table

The Trump tariffs could help prevent another Great Depression by bringing China to the table to talk currency:
http://dailytorch.com/2019/06/the-trump-tariffs-will-not-cause-another-great-depression-only-deflation-could-do-that-but-they-could-help-bring-china-to-the-table/

Deflation, not tariffs, caused the Great Depression. The Trump tariffs, on the other hand, could prevent such a depression by helping to bring China to the table to achieve a monetary accord before it’s too late. China’s artificially low peg to the dollar makes their exports cheaper but it is hurting the U.S. economy and exerts deflationary pressure on it. Will the tariffs help to bring China to the table?

Copyright © 2008-2026 Americans for Limited Government