Trumponomics: Expect higher inflation—with or without tariffs
Chicago Booth Review Podcast
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Tariffs, Inflation, and Consumer Dynamics
This chapter explores the economic effects of tariffs and their parallels to sales taxes, focusing on consumer behavior in anticipation of rising prices. It highlights how misconceptions about tariffs influence public perception and behavior, leading to preemptive actions like stockpiling goods. Additionally, the discussion addresses the complex interplay between corporate strategies and inflation, while considering the challenges faced by the Federal Reserve in managing economic pressures.
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