Economics 101, Lecture 2: Tariffs and Deficits
Once again, I have decided to pontificate on something I really don’t understand. The recent chaos associated with the Administration’s threats and ultimate dramatic expansion of our tariffs has forced me to do some reading on three semi-related topics – the Federal deficit, our trade balance deficit, and tariffs. I think it is appropriate for me to record several relevant bits of information that I have obtained. One analyst chose to describe our current situation as a major inflection point in our perception of the “World Order”. He subdivided the period since the end of World War II into two…








