CNBC: Tariffs are simply about national security: Hayman Capital founder
He doesn't only discuss national security, but also the costs of free trade that are ignored by economists such as opioid addiction and welfare costs from permanently unemployed workers.
I would add in the political cost of populism as those voters latch on to whatever protest vote is available. On the positive side of the tariff ledger, most economists also ignore that tariffs generate revenue for the government. If those revenues are used to abolish capital gains and cut payroll taxes, it could increase domestic GDP growth before even factoring in increased domestic production.
Philly Fed: State Coincident Indexes Increased in 44 States in March
(3-Month Basis)
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From the Philly Fed:
The Federal Reserve Bank of Philadelphia has released the coincident
indexes for the 50 states for March 2024. Over the past three mo...
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