Source: Ludwig von Mises Institute
by Douglas E French
“Jim Beam has been making whiskey for a long time, through thick and thin. But the Trump tariffs have shut down the venerable distillery. Bourbon Whiskey is a high-order (as Austrian economists would say) beverage due to the aging process required. Jim Beam is aged for four years in new charred oak barrels. Jim Beam Black is aged 7 years. … The uncertainty created by today’s tariffs will create scarcity (and higher prices) of lower order goods (in this case whiskey) in the future.” (12/29/25)
https://mises.org/power-market/trumps-tariffs-run-whiskey-river-dry