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PaperclipPerfector  2d ago (text post)   1480 thread views

Small-Scale Question Sunday for February 2, 2025

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

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Right. Not just the Austrians, I think; my high school Econ class was very Keynesian, but I’m pretty sure it used the same definition.

Regardless:

Next, I will direct all members of my cabinet to marshal the vast powers at their disposal to defeat what was record inflation and rapidly bring down costs and prices.

The inflation crisis was caused by massive overspending and escalating energy prices, and that is why today I will also declare a national energy emergency. We will drill, baby, drill.

I think tariffs stand in opposition to this layman’s understanding of inflation because they suppress the supply of consumer goods. If there’s a mechanism by which they do boost supply, or if they actually help the Austrian money-supply definition, I want to hear about it!

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