Inflation for Losers with Mark Blyth
The David McWilliams Podcast
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The Tariff Dilemma: Inflation and Inequality
This chapter examines the complex interplay between globalization, tariffs, and inflation, particularly in the U.S. industrial landscape. It highlights how tariffs intended to boost domestic production may instead lead to higher consumer prices due to the lack of a strong manufacturing base, disproportionately affecting lower-income groups. Additionally, the chapter discusses the broader socioeconomic implications of inflation and the disconnect between official statistics and people's lived experiences, exacerbating inequality in the political sphere.
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