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Is everyone pretending to understand inflation (or just me)?
Mark Blyth
Now, there's a better argument for it which goes like this. And again, it's the productivity thing, right? If I put up tariffs, what I'm doing is two things. I'm advantaging American goods over foreign goods. So Walmart can stock American goods. Well, the problem is we don't make enough of the stuff that we actually consume. That would be an incentive for American firms to do a lot more, right?
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