Tariffs, But Make It Temporary: Why Wolfers Calls This Policy “Economically Bankrupt” скачать в хорошем качестве

Tariffs, But Make It Temporary: Why Wolfers Calls This Policy “Economically Bankrupt”

Tariffs sound tough—until you notice they expire in 150 days. Justin Wolfers breaks down why a short-term Section 122 tariff doesn’t solve the problems it claims to address. As a bargaining chip, it’s weak: trading partners can wait it out. As an “onshoring” plan, it’s worse: manufacturers won’t start multi-year investments when the policy may disappear in months. So what does it do? It raises prices. In practice, tariffs act like a tax that often gets passed through to consumers—whether it’s olive oil, appliances, or everyday goods. And if the courts later force refunds, Wolfers explains why shoppers still shouldn’t expect to get their money back. This is why process matters. Policies that disrupt the economy, global supply chains, and foreign relations should clear basic legal and constitutional checks before they’re imposed—otherwise the country can eat the costs for nothing. Topics covered: What a Section 122 tariff is Why the 150-day limit matters economically How tariffs affect consumer prices and inflation Why business investment requires certainty Who captures tariff revenue (and who doesn’t) Why consumers rarely receive retroactive relief The “costs without benefits” risk Contents: 0:00 The “what happens now” question 0:22 Chaos, season two 1:05 The new 10% tariff explained 2:00 Why leverage fails 2:35 Why onshoring won’t happen 3:15 Tariffs as taxes 3:55 The refund fight 4:35 Why consumers lose either way 5:20 The constitutional warning 📈 Key takeaway: Temporary tariffs create real inflation today, while the promised benefits remain hypothetical. Want economics without the jargon? Subscribe—no waiting 150 days required. 🧠📦 Melber | MS NOW | February 20, 2026