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   :pascal: (triodug@shitposter.world)'s status on Tuesday, 08-Apr-2025 07:00:17 JST :pascal:
   Everyone freaking out about stinks like it's the end of the world. I'm not very knowledgeable but are stonks just supposed to never go down? That's what people are acting like.
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     lainy (lain@lain.com)'s status on Tuesday, 08-Apr-2025 07:00:16 JST lainy

     in reply to
     @triodug a lot of people were expecting stocks to go down because of general bubble behaviour caused by fed expansion of the money supply. the tariff thing is still different because it's not so much about things being artificially overvalued by the fed printing fake money, but more about actually throwing stones into the machinery of capitalism. Tariffs are like the one part that economists of all different schools can agree on (even socialists). I think the current drama is mostly about people just not being able to believe that trump is serious (I can't believe it) and others insisting that he is. The currently floated trump tariffs wouldn't make the US a poor country, but they would fall back to at least EU levels, at least that's what I think.
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     cjd (cjd@pkteerium.xyz)'s status on Tuesday, 08-Apr-2025 07:35:22 JST cjd

     in reply to

     • lainy
     Big doubt.
     
     The US is the 800lb gorilla of global markets, nobody can really challenge it.
     
     US is big enough and self-sufficient enough that it can kind of get away with cutting off the rest of the world. Replace income tax with tariffs would make it somewhat poorer, but not like EU level poor.
     
     But it won't have to, because there will always be some country somewhere who is desperate enough to say "I'll do literally whatever you want to avoid being tariffed, send me the contract I will sign it" and the US can just send the list of tariffs to them, so they implement the same regime in exchange for free trade w/ the US.
     
     Snowball starts rolling and before you know it you have a new WTO, just without China.
     lainy likes this.