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Notes -
Trump tariffs McDonald's:
BBC article for a more detailed overview.
Highlights or lowlights include:
I'm not an economist, but I don't think it's a good idea to throw out tariffs with such clear absence of rigor. The only saving grace is that Trump is fickle, so if enough people yell at him from his in-group, he might pivot in a week. If not, bloody hell.
You know, we were just talking a few posts downthread about how the "experts" are willing to blatantly lie in order to advance their ideological agenda.
We have been told repeatedly for years by the experts that making any sort of adjustment, pushing any buttons on the control panel at all, to the global trade system would lead to complete economic collapse, the rise of fascist dictators, the end of civilization, and in general all manner of untold horrors.
But why should we believe the experts? We know they're ideologically motivated liars. So, fuck it. Let's just start pushing buttons. Smash away and let's see what happens. If for no other reason to prove that you can do something different, alternatives are possible, even if you may indeed get burned.
While I agree experts tend to "motte" their public statements over the impact of any possible change from the status quo, I'm having a hard time trying to figure out what Trump is trying to accomplish. I'm okay with short term pain for longer term rewards, but I don't know what that reward is and what it would look like when we finally see it.
I'm glad I just bought everything for a computer upgrade for the next few years, though. Time to figure out what other assets and goods I should purchase before prices start waffling around.
Decoupling from global trade leads to antifragility.
Poverty is easy to maintain.
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