Michael Snoyman on Nostr: I've seen a lot of people discussing Trump's tariffs, especially on X. One thing I ...
I've seen a lot of people discussing Trump's tariffs, especially on X. One thing I was surprised by was the lack of general understanding of how taxes influence equilibrium price. I decided to write up an explanation of how this works, hopefully accessible to people with no economics background.
Topics covered: marginal benefit, marginal cost, equilibrium, inefficiencies caused by government, and a bit more.
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Published at
2025-02-04 08:32:03Event JSON
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