Why Wall Street hates tariffs – and Main Street should love them

Chicken Littles like Spencer Hakiminian and Peter Schiff cry that tariffs will cause inflation and make American poor.

They are lying.

The sky is not falling.

Tariffs will not likely cause inflation. In fact, tariffs will probably lower the cost of living in the long run.

And we need to ask – inflation of what? Consumer goods? Why are the Chicken Littles not concerned about inflation of assets – houses and stocks – which is caused by the trade deficit? Who cares about...