"The trouble with life is the stupid are cocksure and the intelligent full of doubt." --Bertrand Russell
“Never be a spectator of unfairness or stupidity. The grave will supply plenty of time for silence.”--Christopher Hitchens
Tuesday, January 6, 2026
Ah! Caracas!
In the words of Forrest Gump: And that's all I have to say about that:
The highest tariffs in almost a century haven’t caused the massive surge in inflation many economists feared. But that shouldn’t have come as a surprise, according to two new studies.
During the 2025 fiscal year, U.S. Customs and Border Protection collected $216.7 billion in tariff revenue, a 146-percent increase from 2024. For the first month of fiscal year 2026, the federal government already has collected $34.3 billion in tariff revenue – a near doubling of the average monthly tariff revenue throughout FY 2025.
The highest tariffs in almost a century haven’t caused the massive surge in inflation many economists feared. But that shouldn’t have come as a surprise, according to two new studies.
ReplyDeleteDuring the 2025 fiscal year, U.S. Customs and Border Protection collected $216.7 billion in tariff revenue, a 146-percent increase from 2024. For the first month of fiscal year 2026, the federal government already has collected $34.3 billion in tariff revenue – a near doubling of the average monthly tariff revenue throughout FY 2025.
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