Dr. Peter Navarro
๐ค SpeakerAppearances Over Time
Podcast Appearances
Steve, we got two lines of attack going on at the Wall Street Journal and the legacy media and the Democrats.
The first line was that tariffs cause inflation.
And at this point, we've pretty much beaten that back because the data just doesn't show that at all, Steve.
And the letter to the editor in the Wall Street Journal is well worth a read today because it kind of walks through
exactly why all the experts, including the likes of Paul Krugman, just get it wrong, including Wall Street Journal.
Today, I continue the fight on the other line of attack, which is somehow tariffs harm manufacturing rather than help it.
It's just BS.
So what I do today in the Washington Times, everybody should read that paper.
It's the best paper for op-eds.
It's really good.
What I do there is I look at the ISM manufacturing index.
See, this is an index I wrote about in my books.
It's one that I've loved for going on 25 years.
It's a diffusion index, 0 to 100.
And when it goes over 50, that means manufacturing is expanding.
And, Steve, during the two years or so of the Biden regime, the last two years,
That thing was down in recession territory.
In other words, under the Biden policies, it just devastated manufacturing.
We just last week had a breakthrough where this thing jumped five points in a single month to decisively push past 50, vindicating the idea that manufacturing is recovering.
But the interesting thing about the piece