n_huffhines
What's it gonna cost?
- Joined
- Mar 11, 2009
- Messages
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I think everybody here agrees and understands that protectionism increases the costs of consumer goods. I think the division is found in the fact that nobody puts a number on the cost.
In 2014, Americans purchased more than $10T in consumer goods. That means a 5% increase in prices results in an extra cost of $500B to be distributed among 360M Americans ($1,388.89 per person).
So how much are you willing to pay?
And food for thought, what are we going to end up with?
How Americans Are Spending on Consumer Goods
In 2014, Americans purchased more than $10T in consumer goods. That means a 5% increase in prices results in an extra cost of $500B to be distributed among 360M Americans ($1,388.89 per person).
So how much are you willing to pay?
And food for thought, what are we going to end up with?
How Americans Are Spending on Consumer Goods