
Is Trump Right About the Fed Getting It Wrong?
Trumponomics
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Tariffs, Inflation, and Monetary Policy
This chapter examines the intricate relationship between tariffs and inflation, critiquing the Federal Reserve's perception that tariffs lead to inflation. It highlights the ideological biases among economists regarding tariffs, discussing how historical and theoretical factors influence their views and monetary policy responses. The conversation ultimately calls for a clearer distinction between political rhetoric and economic analysis in the context of trade and inflation.
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