Friday, February 21, 2020

The Very Stable Genius is an economic illiterate - today's edition

There's this tweet:

Has it occurred to him that the farmers wouldn't be in their current pickle if the free market hadn't been tampered with?

And "massive tariff money" is a ripe bit of hyperbole.

Is it massive enough to be fully funding this level of expenditure?

The Trump administration gave more taxpayer dollars to farmers harmed by the administration’s trade policies than the federal government spends each year building ships for the Navy or maintaining America’s nuclear arsenal, according to a new report. A National Foundation for American Policy analysis concluded the spending on farmers was also higher than the annual budgets of several government agencies. “The amount of money raises questions about the strategy of imposing tariffs and permitting the use of taxpayer money to shield policymakers from the consequences of their actions,” according to the analysis.
Larry Kudlow, can you not exert any persuasion over this guy? Or, God forbid, have you swallowed the Kool-Aid, too?




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