To get it even better.
Every economic stat from that time showed that the economy was a powerhouse until Covid hit.
Economics Thread
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To get it even better.
Every economic stat from that time showed that the economy was a powerhouse until Covid hit.
sturg33
I
Certainly lower interest rates and QE is a fantastic way to redistribute wealth from the middle class to the rich
But needing them to juice the economy is not a sign of any strength
The stats are there that shows the economy was sharp. You can argue but facts are facts.
Obviously Trump and his advisors don't hold your view.
The golden age is for wages and the middle class. Incentivizing capital expenditures is a completely different discussion.
Are you denying inflation adjusted wage growth and median wage wasn’t excellent under Trump??
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nsacpi
Expects Yuge Games
International travel to the United States is expected to slide by 5 percent this year, contributing to a $64 billion shortfall for the travel industry, according to Tourism Economics. The research firm had originally forecast a 9 percent increase in foreign travel, but revised its estimate late last month to reflect “polarizing Trump Administration policies and rhetoric.”
“There’s been a dramatic shift in our outlook,” said Adam Sacks, president of Tourism Economics. “You’re looking at a much weaker economic engine than what otherwise would’ve been, not just because of tariffs, but the rhetoric and condescending tone around it.”
The number of overseas visitors to the United States fell 2.4 percent in February from a year earlier, government data shows, with the biggest drops in travelers from Africa (down 9 percent), Asia (7 percent) and Central America (6 percent). Meanwhile, travel from China — a frequent target of the president’s ire — is down 11 percent.
https://www.washingtonpost.com/business/2025/03/16/international-tourism-travel-trump-canada/
“There’s been a dramatic shift in our outlook,” said Adam Sacks, president of Tourism Economics. “You’re looking at a much weaker economic engine than what otherwise would’ve been, not just because of tariffs, but the rhetoric and condescending tone around it.”
The number of overseas visitors to the United States fell 2.4 percent in February from a year earlier, government data shows, with the biggest drops in travelers from Africa (down 9 percent), Asia (7 percent) and Central America (6 percent). Meanwhile, travel from China — a frequent target of the president’s ire — is down 11 percent.
https://www.washingtonpost.com/business/2025/03/16/international-tourism-travel-trump-canada/
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The cost increase is not even close to what the academics would have you believe when coupled with the whole economic policy instituted by the Trump admin.
Price elasticity as I've mentioned on numerous occasions.
The cost increase is not even close to what the academics would have you believe when coupled with the whole economic policy instituted by the Trump admin.
Price elasticity as I've mentioned on numerous occasions.
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That… is not really how price elasticity works? Either it’s inelastic and people will pay more for the items, or it’s elastic and sales will decrease. The tariff exists whether or not an item has a particularly elastic demand.
But price elasticity is going to be dependent on the good itself. Companies will either produce a good or not and consumers will either purchase a good or not based on that good’s elasticity. A tariff’s effect on the economy is certainly impacted by the elasticity of the products being taxed, but these tariffs seem too broad to be using that term as an indicator of future success of these tariffs, no?
No because the market dictates what consumers will spend to buy a certain good and companies set it at the price that maximizes total profits. Adjusting a price in line with Tariff increases will end up hurting the bottom line for a company so they will restrict increases to insure demand is not impacted too much.
But the price won’t be at equilibrium due to the government interfering with the free market, so you’re just assuming that companies will lower profit expectations instead of exiting the market entirely. There’s a price elasticity of supply too.