Apparently, according to the AEI (the fact that they are lambasting this is notable in itself, but perhaps libertarians are constitutionally against tariffs, I don’t pay a lot of attention to them) even the equation they used has incorrect variables, relying on retail price instead of import price for the calculations, which is obviously incorrect, since that would conflate US markup as something the originating exporter was doing as a tariff. In any case, they’re saying the tariff calc delivers values 4x higher than they should be using this particular calculation. If it was correct, most tariffs wouldn’t be higher than the 10% floor the admin specified.

[–] Lamprey@hexbear.net 6 points 2 days ago (2 children)

Libertarians consider tariffs as taxation so they're anti from my understanding

[–] Hotspur@lemmy.ml 4 points 2 days ago (1 children)

Yeah ok makes sense. It’s a form of govt interference in the all-powerful market.

[–] Lamprey@hexbear.net 3 points 2 days ago (1 children)

Yeah idk it's a dog shit ideology but they're somewhat consistent which is kind of nice lol

[–] Hotspur@lemmy.ml 4 points 2 days ago

Yeah exactly. They’ve got a lot of bad ideas, but they are reliable about it. It’s better than the pure grifters that seem to make up the rest of politics at least, you can at least know what they’re gonna be on about, and why.

[–] Biggay@hexbear.net 4 points 2 days ago

The market is god itself, do not get in the way of god.

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