Melvin Adams

Economics Predoc @ Northwestern | Econ + Math + Data @ Berkeley ‘24 | EN/英・ZH/中・JA/日

[Nate Silver @NateSilver538]

OMG they applied their stupid fucking formula incorrectly?!?
https://t.co/R3q71lWhBf

[Chris Murphy 🟧 @ChrisMurphyCT]

Those trying to understand the tariffs as economic policy are dangerously naive.

No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief.

1/ A 🧵 to explain his plan and how we fight back.

[Melvin Adams @MelvGAdams]

@gjpeled This is true; there’s already so much colluding among automobile companies to extract more gains from consumers, this is just going to exacerbate the problem at hand

[Melvin Adams @MelvGAdams]

An argument for tariffs on automobiles is "it doesn't matter if imported cars become expensive, because we have domestically produced cars."

Okay, but what's keeping domestic manufacturers from colluding and raising their prices while being priced right under imports?