In sports, a little defense goes a long way, but too much defense goes absolutely nowhere. If it’s true right now for March Madness, it’s even more true in economics.
We have all seen the struggling local restaurant decide to raise prices while also trying to save money on food quality - creating its own death spiral. President Trump is doing the same with our economy. Tariffs raise the prices for citizens and businesses while also forcing the purchase of inferior, or at least more costly, goods. On the other hand, Trump could go on offense and drive the U.S. economy forward so fast that the only way to catch up would be to follow.
Read Full Article »
