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 Originally Posted by BananaStand
It's presented as bad economic news, when it is clearly good news.
It is intentionally deceptive. Fraudulent.
How do we know that is good news? I can tell you without even asking them that every one of my economics professors would say it's bad economic news. All the economists I read who don't like Trump, it's because of this stuff. Where did Paul Krugman derive his prediction of demise and never-recovery of the economy from a Trump victory? From the belief that Trump would do a tremendous amount of what is in the article.
I agree with them that on the surface, this is not good news. But really, it depends, we don't know the details. Yet, if it's the case that LG has higher costs to make the same product now and that's why the price is going up, that is not a good thing. Part of my apologetics for Trump on this issue is that I do not believe that his intention was ever to have that effect. Also there are other indirect effects that economists do not adjust for that I believe are real. But, by itself, the article is presenting the initial observation most economists have about this sort of thing.
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