📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Markets keep conflating tariff-induced price shifts with underlying inflation — amateur hour.
Tariffs are a fiscal distortion, a legislated relative price shift, not a monetary phenomenon.
You don’t tighten policy to “fight” a tax; you remove the tax. Monetary policy can’t offset a fiscal levy — nor should it try.
Core pressures have eased, and policy should respond to demand-side conditions, not to transitory, legislated cost-push shocks.
Reacting to a hot, tariff-driven PPI print as if it’s a signal on rates is confusing relative prices with macro inflation.
But sure, let’s pretend import taxes are a reason to rewrite the yield curve.