It's Beginning to Smell a Lot Like Stagflation
16 days ago
- #tariffs
- #immigration
- #stagflation
- Donald Trump's tariffs and immigration policies are leading to economic stagflation.
- Tariffs are inflationary as they act like selective sales taxes on foreign goods, raising consumer prices.
- Immigration crackdowns are reducing the labor force, particularly in agriculture and construction, further driving inflation.
- Private surveys and economic indicators suggest inflation could rise to 4% or more soon.
- Economic growth is slowing, with indicators pointing towards stagnation, exacerbated by policy uncertainties.
- The combination of rising inflation and slowing growth signals the onset of stagflation.
- Historical data and current trends suggest that Trump's policies are reversing previous economic stability.