Self inflicted
Reposted from
The Economist
Donald Trump has committed the most profound, harmful and unnecessary economic error in the modern era. Almost everything he said—on history, economics and the technicalities of trade—was utterly deluded econ.st/3YbbFjq
Comments
My gosh, I thought we had banks and corporations pulling strings
I am continually amazed by the collective failure of imagination. Every time he does something epically stupid or cruel, people scratch their heads and say “I didn’t see that coming!” He’s breaking every norm we have and yet people can’t seem to see it coming.
American consumers pay the cost of the tariffs. It is a HUGE tax increase on American consumers. And a particularly regressive tax at that.
6th graders are smarter than Trump voters.
The outlook for small business has just cratered, despite expectations of falling interest rates.
This is like GFC dynamics shaping up, except instead of real estate, it’s the entire consumer economy.
Smoot Hawley