Driving Off a Cliff?
Donald Trump’s tariffs will make the U.S. auto industry less competitive and leave the industry out of step with the auto market's shift to EVs.
Well, at least two of its luminaries are doing that, tongue in cheek (no pun intended),according to a report from Vienna's
Die Presse(in German). Larry Flynt of Hustler and Joe Francis of the firm "Girls Go Wild" want Congress to provide the industry with a cool $5 billion. In an interview with CNN, Flynt promises a kind of hedonic multiplier effect in return, something even many academic economists who enthuse about 'happiness economics' have been so far reluctant to endorse in the present crisis: "It is time for Congress to reinvigorate America's sexual appetite, and the only way to do that is by supporting the pornography industry: and there's no time to lose!" Gives a whole new meaning to the phrase "stimulus package."