this post was submitted on 28 Jul 2025
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Don’t You Know Who I Am?

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[–] UnderpantsWeevil@lemmy.world 16 points 5 days ago (10 children)

Part of the problem is that these theories are dogmatic. They're articles of faith.

Tariffs Bad! Make stuff more expensive!

No! Tariffs Good! Make domestic economy more stable and resilient to global price shocks!

Like, you can get under the hood and talk messy details if you're a professional economic planner doing real long-term strategic policy making. Maybe you really do want steel tariffs so that your country's last operational blast furnace doesn't shut down in the face of low priced imports and a short term domestic downturn in construction. Maybe you're trying to fight brain drain, so you try to cultivate a domestic semiconductor industry. Maybe you're a single commodity export nation and you want to try and diversify. Maybe there's a bunch of reasons why defensive domestic industry tariffs are still dumb and counterproductive.

But this conversation means dealing with educated professionals and industrialists with some fucking skin in the game. It's too easy to heckle from the sidelines by chanting "You don't know what you're talking about!"

[–] JustJack23@slrpnk.net 37 points 5 days ago (1 children)

Saying tariffs are bad or good is ideological, true, but saying tariffs will increase inflation and prices is just a fact, it is not connected to ideology.

[–] Ptsf@lemmy.world 8 points 5 days ago

More of a general rule than a fact, since there are situations in which a targeted tariff can reduce inflation given time, but in a ubquitious sense they are a pressure towards increasing inflation.

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