Hughesair (Inflection Point)

Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from experience than from research and more from science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. The Floatplane book is out there. I am currently working on Hippocrates a History of Medicine and Globalism. Enjoy!

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Location: Homer, Alaska, United States

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Tuesday, October 01, 2019


Liquidity and moral/confidence drive markets. China, Wall Street,  manufacturing down — consumer spending up — what don’t you get about this picture?

Tariffs indirectly but effectively drive liquidity from the supply side to the demand side of the market.   For 25 years or more, the reverse has been true. Our middle class has all but disappeared, much as it did following the Industrial Revolution early 1800s. That lost liquidity made billionaires in Silicon Valley, Wall Street and China., financing Chinas spectacular growth.

Tariffs, while hurting those who profited from the decline of the US economy, have returned a small portion of the American consumers lost wealth.

The ruling class would have you believe that the consumer pays the tariff. Not true, the supply side and indirectly China bear the cost. Alternative purchases result in greater retention of liquidity, which multiplies within our economy.


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