Crankyhawk
Hall of Famer
well, his exact words were "its too hard to predict/ too many inputs going up and down". And dismissive of economists (who do often do not do themselves favors)You've dismissed the certain outcome of tariffs twinned with reduced income tax. It's been explained here on the last couple of pages as well as more widely in the press and broader channels.
Yes, economics is not an exact science (though it's far removed from astrology), but some outcomes are certain even if exact quantification is difficult.
However there is ample historical evidence of tarriffs and higher prices to draw from.
And ample evidence of inflation with reduced income taxes.