Trump’s 125% China tariffs launch a nine-pillar ‘America First’ plan, cutting $8 trillion in deficits and driving 5% GDP growth by 2035, reviving America from Biden’s chaos.
I'm one of those who would struggle with Economic for Dummies, so I could be missing the obvious. Since tax relief isn't guaranteed at this point, what eventually offsets the cost of living increase that comes with higher tariffs? Consumers can be impatient, so how should Trump set expectations?
Don’t feel bad about struggling with economics—even the Ph.Ds who teach it don’t really understand economics, because they’re dummies when it comes to how markets drive economics, something very few actually understand. Cutting deficit spending is deflationary—it reduces aggregate demand and lowers interest rates by shrinking debt servicing costs and slowing the growth of gross federal debt. Deregulation reduces compliance costs, freeing up capital and boosting productivity. There are other deflationary levers, like lowering energy costs, but these come to mind most easily.
Thanks for the insight! Given the time it takes for deflationary factors to have an effect, do you see the benefits being realized soon enough for voters to continue supporting Trump's agenda? My biggest concern is the mid-terms. If consumers are struggling,..
I'm one of those who would struggle with Economic for Dummies, so I could be missing the obvious. Since tax relief isn't guaranteed at this point, what eventually offsets the cost of living increase that comes with higher tariffs? Consumers can be impatient, so how should Trump set expectations?
Don’t feel bad about struggling with economics—even the Ph.Ds who teach it don’t really understand economics, because they’re dummies when it comes to how markets drive economics, something very few actually understand. Cutting deficit spending is deflationary—it reduces aggregate demand and lowers interest rates by shrinking debt servicing costs and slowing the growth of gross federal debt. Deregulation reduces compliance costs, freeing up capital and boosting productivity. There are other deflationary levers, like lowering energy costs, but these come to mind most easily.
Thanks for the insight! Given the time it takes for deflationary factors to have an effect, do you see the benefits being realized soon enough for voters to continue supporting Trump's agenda? My biggest concern is the mid-terms. If consumers are struggling,..