The tweet was deleted by the author.
But we saved everything 🙂.
George Selgin comments that the overall impact on the U.S. economy will not be significant, but U.S. consumers are expected to bear negative consequences.
Selgin suggests that while broader economic indicators may remain stable, the effects of the issue may be more acutely felt at the consumer level.
Selgin’s perspective on potential consumer hardships aligns with his previous analysis, where he flagged the risks inherent in Federal Reserve QE policies and raised concerns over possible backdoor funding mechanisms. In related commentary, he has critiqued the Fed’s structural challenges, drawing comparisons to the more robust Canadian currency model as a potential blueprint for reform.