Here’s what could bring down inflation

Ted Thatcher, President of Bright Lake Wealth Management, shares his thoughts.

Transcript

00:00I think to get inflation under control, ultimately, we need clean supply chains. You know, the I think

00:07the talking point that we are not all beneficiaries from world trade. It just isn't the case. You

00:15know, we all benefit. You know, it's not a zero sum game when the United States exchanges goods

00:22and services with China. And so the lower, I'll say the more free trade we can get, the more price

00:30flexibility on the downward side that we will continue to see. And so in order to get inflation

00:36down, I think we have to have that free trade permeate. That doesn't mean that tariffs can't

00:41be used strategically, you know, for for for things like energy and silicone chips and, you know, maybe

00:48even weapons manufacturing and some of these concerning more national security focused

00:53issues. But for the average American, you know, I don't know a lot of average Americans that

00:59are wanting to go on a supply line and assemble iPhones. I think that we all benefit in a world

01:06economy when we exchange in that way.