Economist Peter Schiff Slams Saylor as a ‘Con Man’ and Tariffs as a ‘Consumer Tax’
- Schiff argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier
- He accused the CNBC hosts of giving Saylor an easy platform without enough pushback, labeling Michael Saylor a con man
- Schiff has a longstanding record of attacking Bitcoin advocates and specifically Saylor’s market influence
In his latest X posts, stockbroker, financial commentator, and economist Peter Schiff sparked an online debate about the tariffs imposed by the US government. He argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier.
Therefore, US consumers end up paying these tariffs unless they buy domestic alternatives. According to Schiff, such US-made substitutes rarely exist at price points competitive with imported goods.
Schiff’s Argument on Tariffs and Saylor
Schiff regularly frames tariffs as a de facto tax on American consumers, especially when importers can’t fully pass the tariff costs onto suppliers.
Shortly afterwards, he also commented on Michael Saylor’s interview on…
The post Economist Peter Schiff Slams Saylor as a ‘Con Man’ and Tariffs as a ‘Consumer Tax’ appeared first on Coin Edition.
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Economist Peter Schiff Slams Saylor as a ‘Con Man’ and Tariffs as a ‘Consumer Tax’
- Schiff argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier
- He accused the CNBC hosts of giving Saylor an easy platform without enough pushback, labeling Michael Saylor a con man
- Schiff has a longstanding record of attacking Bitcoin advocates and specifically Saylor’s market influence
In his latest X posts, stockbroker, financial commentator, and economist Peter Schiff sparked an online debate about the tariffs imposed by the US government. He argues that tariffs on imported goods don’t disadvantage foreign exporters relative to each other, as they all effectively face the same tariff barrier.
Therefore, US consumers end up paying these tariffs unless they buy domestic alternatives. According to Schiff, such US-made substitutes rarely exist at price points competitive with imported goods.
Schiff’s Argument on Tariffs and Saylor
Schiff regularly frames tariffs as a de facto tax on American consumers, especially when importers can’t fully pass the tariff costs onto suppliers.
Shortly afterwards, he also commented on Michael Saylor’s interview on…
The post Economist Peter Schiff Slams Saylor as a ‘Con Man’ and Tariffs as a ‘Consumer Tax’ appeared first on Coin Edition.
Read More