The ass kissing is what matters to him. At least he didn’t claim that Congress doesn’t have authority over tariffs.
“You don’t negotiate like I negotiate.” Can’t argue with that. Caving on the electronics tariff proves he has no idea what he’s doing, and there is no strategy.
Former New York Times columnist Paul Krugman says, “I had always been lightly edited at the Times, until the last year. And then the editing became extremely intrusive.” That is very disappointing to hear.
Krugman is now very actively self-publishing, unfettered on Substack.
So far, I’m a freebie subscriber. Krugman undoubtedly has incidental costs, but I have yet to fully embrace the idea of paying a Nobel Prize winner $5/month. I assure you that Prattling Before the Pratfall will always cost you exactly what it’s worth — nothing! 😉
Correction: It’s $7/month to be a paid subscriber, or $70/year.
Everything is “tremendous” with this guy. It’s the only superlative he knows.
But, yes, the people were indeed going a little bit YIPPIE!
Jerry Rubin, Abbie Hoffman, Rennie Davis in 1970
The Seventies began with the Yippie message, “don’t trust the government.” Incredibly, the Eighties began with Ronald Reagan winning the presidency by co-opting the same message.
China didn’t rip off America, we ripped off China. American business wanted to take advantage of cheap Chinese labor. China turned that around to become the world’s leading exporter of manufactured goods. As a nation, we have no one to blame but ourselves.
Neel Kashkary of the Minneapolis Fed discusses the present day craziness. I wonder if Trump told anybody he was going to pivot today, making it possible for them to buy shares on the cheap?