Economics

Economics

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We’re buying fewer little treats
We’re buying fewer little treats
The average 16-ounce bag of potato chips has gotten 29% more expensive since 2021, while overall grocery prices have risen 23%, according to government data.
derek68·morningbrew.com·
We’re buying fewer little treats
Don't Substitute Tariffs for Income Taxes: You'll Get Both | David R. Henderson
Don't Substitute Tariffs for Income Taxes: You'll Get Both | David R. Henderson
In his inaugural address, President Trump repeated his call for an External Revenue Service. At other times, he has talked about replacing personal income taxes with high tariffs on imports. Besides the fact that U.S. tariffs on imports are collected from U.S. importers, not external exporters, this idea would not work and would likely result in a higher tax burden for Americans. Current income t
derek68·independent.org·
Don't Substitute Tariffs for Income Taxes: You'll Get Both | David R. Henderson