Attorney General Holder apparently intends on riding the populism train as far as it will take him to punish the banks that defrauded the American public. Perhaps he can explain how complying with Federal banking laws constitutes mortgage fraud.
Economics is a subject that affects all of our daily lives, yet most people don’t recognize how much it impacts every decision we make. Most associate economics with money but in fact, it goes well beyond simple financial matters. Economics is the study of how people use resources. Resources can be financial, intellectual, physical, natural or even something as simple as time. Economics impacts every subject and every decision, whether you’re considering how to invest your savings or deciding whether you should exercise or watch television. The effect is universal; most people just don’t understand it.
Now, on the surface, it sounds perfectly reasonable, right? The problem is that it’s not. It’s actually incredibly stupid. Normally, I would say that a proposal like this is a thinly-veiled appeal for populist support but in fact, it’s not veiled at all.
The net results of imposing large import tariffs are higher prices to Consumers, strained relations with other countries and very few, if any, new jobs.
Amazon said many times that they would terminate their Affiliates. Yet, the California Legislature, in a crack-like need for more taxes, passed it anyway.