MITCH: “Trump’s tariffs…”
AVERY LIBRELLE: “Will be passed on to American consumers. It’s economics 101”.
Pete: “Very good. That is actually correct, one way or the other; all changes in price driving by anything other than market demand will be either paid by consumers, or not purchased at all. You’re coming along, Avery! So – artificially raising the minimum wage to $15 an hour…”
AVERY LIBRELLE: “…will never get passed on to consumers!”
Pete: “OK. Why?”
AVERY LIBRELLE: “Because shut up”.
And SCENE
This is what Dennis Prager refers to as cognitive dissonance.
I wonder who it is that ultimately pays the price for Chinese IP theft and currency manipulation?