The Bowtie Economist's Daily Dose of 70-Word Wisdom
Tariff totals Trump 1.0 boosted tariffs from 1.2% to 3.2%. Yesterday, he boosted the average tariff on US imported goods to 24%, higher than the disastrous 1930 Smoot-Hawley Tariff Act, and international trade is proportionally 3x larger than then. The…
Read MoreIn a brilliant move to increase transparency and worker productivity, the IRS will now allow payment of income taxes with Bitcoin, joining other nations including El Salvador. This move will cement the US as a crypto powerhouse, bring riches to…
Read MoreThe Friday File: On Tuesday, Senator Corey Booker (D-NJ) gave the longest Senate speech ever: 25 hours and four minutes. This broke the previous record of 24 hours and 18 minutes set by Senator Thurmond in 1957 while filibustering the…
Read MoreEarlier today, President Trump imposed tariffs on the vast majority of imports entering the US. Retaliation from Canada, China, the EU, and other nations is now guaranteed. This trade war will reduce trade, raise prices, increase unemployment, and weaken economic…
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