Comment by caminante 4 days ago
> Okay, so you're admitting that they're inflationary but choose to rattle off a list of random stuff that somehow, magically, offsets the increased costs from tariffs.
Haha! I haven't seen someone try to dismiss counterarguments as "magic." I should've said that more when I got answers wrong on my tests in high school.
> So.. you were agreeing with my point then?
If not "magic," then the objector "actually agrees" with you.
You’re arguing that tariffs aren’t inflationary by bringing up other events affecting the economy, which I agree with ‘hypeatei needs explaining, but even assuming those do offset the tariffs you’re still incorrect.
Tariffs definitionally are inflationary.
>You’re arguing that tariffs aren’t inflationary by bringing up other events affecting the economy
Huh? You're not reading what I said and instead are relying on accusations. It's also weird to say direct behaviors triggered by tariffs don't play into realized inflation. That's mental gymnastics.
>Tariffs definitionally are inflationary.
No. Weird thing to be confidently incorrect about. Tariffs are price increasing (colloquially "inflationary"), but not definitionally inflationary in the economic meaning. Look it up.
> Tariffs are price increasing (colloquially "inflationary"), but not definitionally inflationary in the economic meaning. Look it up.
Weird (okay, not all that weird, but ironic, in context) thing to be confidently incorrect about.
Outside of the overtly ideology-over-description Austrian School of economics, which has a different jargon designed to advance their ideology, the general definition of (unqualified) inflation in economics is a sustained increase in general price levels.
And belief that the Austrian School usage is just the “economic meaning” is a pretty good sign that someone doesn't understand even Austrian School economics beyond rote recitation of doctrines and aphorisms.
I asked you to elaborate since you didn't explain anything, hence the use of "magic" which is sometimes referred to as hand waving. I'll take your non-response as a sign that you're not interested in elaborating for reasons.