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Tariffs, Traffic, and Trade Dynamics
This chapter examines Jevin's paradox in the context of traffic management, illustrating how increased highway capacity does not always alleviate congestion. It shifts focus to recent tariff announcements affecting Canada, Mexico, and China, analyzing the complexities of international trade and its impact on markets and Bitcoin. The discussion further delves into the implications of tariffs on the economy, offering insights into protectionism versus globalism and the balance necessary for U.S. job markets.