David Lin: Insane Tariffs to Destroy Living Standards, Trigger Real Crisis

The global economy is teetering on the edge of a precipice, according to Doug Casey, best-selling author of “Crisis Investing.” In a recent assessment, Casey lambasted the recently enacted tariffs on goods from China, Canada, and Mexico, characterizing them as “insane” and warning of potentially devastating consequences for global living standards. Casey, known for his often contrarian and libertarian views, believes that these tariffs, effectively marking the beginning of a trade war, are based on flawed economic principles and will ultimately backfire on everyone involved. He argues that protectionist measures, like tariffs, distort market forces, stifle innovation, and ultimately lead…