The Official "Damned Trump" Thread: Phase II

[Thumpalumpacus]

Good article here on Trump's economic policies.

https://unherd.com/2025/04/will-liberati...the-world/

To somebody like me who knows very little about economics, Trump's tariffs, etc., seem random and chaotic. But this writer sees them as a considered plan. The plan will harm US allies and, of course, not-rich people in the US, but there is method in the madness.

It’s a six trillion-with-a-t tax increase and it won’t work.

The author draws a lot of comparisons to the Nixon Shock, but doesn’t seem put off by the fact that Nixon, in addition to (a comparatively mild) 10% tariff also froze wages and prices.  Nixon’s scheme turned out to be inflationary, depreciated the US dollar, and was abandoned after just four months.

Boru

But we still had to endure the ensuing stagflation through the 70s.