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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Goofyhoofy ✸✹🐝🐝 HONORARY
SHREWD   😊 😞
Number: of 4582 
Subject: Re: A counter-punch at the Fed
Date: 02/20/26 6:29 AM
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It’s I think the worst paper I’ve ever seen in the history of the Federal Reserve system,” Hassett told CNBC on Wednesday. “The people associated with this paper should presumably be disciplined.”

He added: “What they’ve done is they’ve put out a conclusion which has created a lot of news that’s highly partisan based on analysis that wouldn’t be accepted in a first semester econ[omics] class.”

Looks like a lot lot lot of people need to get to that class.

Many studies—not only from Harvard and the Kiel Institute, which Mr. Navarro blithely dismisses, but also the St. Louis Federal Reserve Bank, the Tax Foundation, economists Gita Gopinath and Brent Neiman, and Goldman-Sachs, among others—have examined real-world transactions and found that U.S. companies and consumers are bearing almost all the tariff burden via higher retail prices or input costs
wsj.com - Who pays for trumps tariffs americans do

Of course that’s just the Wall Street Journal speaking. What do they know?
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