> 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.

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caminante 9 hours ago | parent [-]

Wait.

We agree.

Saying it needs to be a sustained increase is consistent with what I said above.

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dragonwriter 8 hours ago | parent | next [-]

No, we do not agree.

The introduction of tariffs does, assuming no additional countervailing policy changes, result in sustained general price increases. (Over time, adaptation to the tariffs will, in cases where there aren't hard reasons preventing this, become more diffuse across products than they are initially at introduction, but the net long-term effect is still a general price increase.)

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caminante 7 hours ago | parent [-]

> assuming no additional countervailing policy changes

When you add this qualifier who is disagreeing? This is tautological.

It's like you're making a point that doesn't flow from the original discussion and point raised that economists missed the mark on how much Trump's tariffs would cause extreme inflation for everyday US citizens. They still can (TBD), but haven't to the extent predicted.

	▲	dragonwriter an hour ago \| parent \| next [-]
		> > assuming no additional countervailing policy changes > When you add this qualifier who is disagreeing? Anyone who disagrees that tariffs are inflationary. If you enact them, price level increases are produced which are sustained unless some other event unrelated to the tariffs introduces a deflationary effect which offsets the inflationary effect of the tariffs.
	▲	lovich 7 hours ago \| parent \| prev [-]
		Do tariffs increase the price paid for an item? No one can continue discussing with you if base facts can’t be agreed upon.

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lovich 9 hours ago | parent | prev [-]

Do tariffs increase the price I pay for an imported item subject to tariffs?

Yes or no? No quibbling about other shit.

Does the price increase?