Checking Howard Lutnick
Writes Kevin Duffy:
Hi Lew,
About a month ago, Howard Lutnick said on CNBC:
“Tariffs do not, do not, do not create inflation! Money printing creates inflation. China has the highest tariffs in the world. They don’t have inflation.”
Last year China had a trade-weighted average tariff rate of just 3%. (See here from trade expert
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
