Economists are Wrong Again about Trump’s Tariffs

In a recent interview on Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney argued that inflation is caused by deficit spending by the government, which is accommodated by the Federal Reserve, not by tariffs. Carney criticized economists who claim that President Trump’s policies will lead to inflation, stating that they are misleading. He emphasized that inflation is primarily driven by monetary policy and deficit spending, not by tariffs.

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