Lost in all the howling about DOGE, the rogue judges and the Ukraine happenings is the Trump economic policy that is slowly coming into focus. One of the reasons the administration pushed for the continuing resolution was that they needed time to put together budgets and spending priorities based on the cuts they are now making across all agencies of the government.
It is why they were so mad about the grandstanding of Thomas Massie. He is clearly someone who does not understand what they are doing and too addled by the brain-rot of libertarianism to ever understand it. He wanted to waste time and political capital on a pointless fight over pennies. The administration has bigger plans for reorganizing the government that needs time to develop.
The new economic model will be based on cheap energy, cheap money, low taxes on labor, limited regulation, and tariffs on imports. You can hear all of these when Trump seems to speak off the cuff. His plan to eliminate taxes for those earning under $150,000 per year is a good example. That is not just a tax cut for the wage earner, but also a tax cut for the employer.
The point is to make labor relatively cheaper for domestic employers, while using tariffs to make cheap foreign labor relatively more expensive. This is not a lot different from what Reagan tried to do in the 1980's with Japan. Instead of being limited to trade issues with specific countries, it is to be the general policy. The goal is to boost domestic production in order to lower imports.
That is the show this week. The first part is a summary of the current economic model which no one discusses anymore. Back when it was coming into focus, people debated it and those opposed turned out to be right. The second part is about the schemes to unwind the old model and create a new one. Trumponomics is Abenomics but for a continent sized country with the global reserve currency.
This Week's Show
Contents
Intro
Post-National Economics
Examples
Trumponomics
Will It Work?
Share this post