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Inflation Is Not Soaring, and Economic Growth Is Solid

Inflation Is Not Soaring, and Economic Growth Is Solid
People shop at a grocery store in New York City on March 12, 2025. Samira Bouaou/The Epoch Times
Daniel Lacalle
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Commentary

The Tariff Tantrum has proven that the consensus was wrong about soaring inflation and an economic slump. Why? The exaggerated perception of tariffs’ economic impact stemmed from the belief that American consumers would bear the full burden of tariffs. Why were they wrong?

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”