Conceptually, this is equivalent to a one-time US partial default on foreign debt. With a floating $, trade imbalances can only exist if foreign investors are buying our financial products. Making countries pay & using it to pay down debt obligations is equivalent to not paying the debt back.
06.04.2025 19:32 — 👍 1 🔁 0 💬 0 📌 0
YouTube video by J Jonah Jameson
Leeroy Jenkins HD 1080p
This historical reference remains surprisingly effective in contextualizing current tariff policy discussions.
#EconSky
04.04.2025 15:57 — 👍 11 🔁 0 💬 1 📌 0
YouTube video by International School History
Hawley–Smoot Tariff - Ferris Bueller's Day Off.
For some reason, today felt like the right time for my first Bluesky post... #EconSky
03.04.2025 23:32 — 👍 63 🔁 12 💬 3 📌 1
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