Get ready for the Trump inflation. Think of how bad it will be when the tariffs hit. Inflation increased in January, posing obstacle for Trump tariff plans Consumer prices rose 3% in January compared to a year ago, data showed. https://abcnews.go.com/Business/inf...sing-obstacle-tariff-plans/story?id=118730266
As usual, you're too kind. You've given me credit for something wonderful I didn't do. The understanding of the role treasury securities play in our U.S. government finances was discovered by 20th Century economists. There is much useful information in my post. You could do worse than to study it carefully. You should find my remarks re "government investment" of the greatest interest. My conclusion Re our virtually unlimited money available for investment is a joint consequence of where 100% of private sector U.S. money originates and the definition of investment. This picture could change, of course, once the U.S. Dollar is no longer the dominant reserve currency, as loss of dominant reserve status would significantly affect demand for Treasury Securities.
And now he wants interest rates to be cut. ‘Does President Trump understand money?' WSJ editorial board baffled by MAGA leader Donald Trump’s call for interest rates to be lowered seemed to stump The Wall Street Journal’s conservative editorial board, which wondered aloud whether the president needs an economics lesson. In an opinion piece published Wednesday, the Journal's editorial board delivered a scathing analysis of Trump’s demand for interest rates to drop, which he added on his Truth Social platform “would go hand in hand with upcoming Tariffs!!!” “The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods,” the Journal's editors wrote. “But perhaps the president wants the public to look elsewhere when assigning blame for rising prices.” The “Trumponomics” of it all in the face of rising inflation left the editorial board ready to enlighten Trump. His economic message also presented another risk, they warned. “Does President Trump understand money?” the Journal’s editors asked. “Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no.”
Tbh the whole setup is pretty perfect and it's going to be black comedy all the way through. He inherited the most expensive stock market in history from Biden. The debt ain't going away with tax cuts (into an already inflationary regime). If actually makes good on his promises regarding tariffs and immigration that won't help either. And so on.
Trump went to school, so we are told, but he learned nothing. (He's had his attorneys write to institutions, warning them not to release any information related to his academic record. Wiki says he graduated (Economics) in 1968 from Penn., Wharton supposedly. Did he graduate? Since he lies about most everything, why not lie about that too? One thing there can be no question about: Donald Trump knows next to nothing of Sovereign Money or Economics. Trump seems to have been born with a "come hither" preachers cadence and the often associated knack for entertaining. He applied those talents in his role as a successful realty TV Star, ~14 years. As a businessman, however, he was a disastrous failure, having gone bankrupt at least 6 times. He left 72 U.S. Banks holding the bag. He was successfully sued for business fraud. He was also found to be operating a fraudulent nonprofit "Foundation". He was convicted of 34 business related felonies. And there is much more! No one would question Trump's ability to sell almost anything if a dumb enough buyer can be found. He's a master salesman, bordering on genius, I would say, when it comes to bilking his numerous fans. During his first term in office, he found a way to parlay the U.S. Presidency into a personal Piggy Bank in clear violation of the spirit of yet another law: The Emolument Clause of our Constitution. In his previous stint in the Oval Office, there were those, even one or two in his cabinet, who found ways to put roadblocks in front of Trump's many, but by no means all, worst impulses. Now there is nothing to stop him. He is ignoring court orders. All it would take to stop him is two Republicans in the House or four in the Senate, But that does not seem, at the moment anyway, a real possibility. Republican congressmen and senators are scared to death of Donald Trump. After the Gaetz debacle there has been only one meaningful defection in the Senate (McConnell). That was on the RFK nomination. We live in interesting times.
Trump wants to eliminate the Corporate Transparency Act and openly allow bribery. Make Money Laundering Great Again. Will Donald Trump Make Money Laundering Great Again? The US was on the verge of major anti-corruption reform. Then Trump took office. https://www.motherjones.com/politic...oreign-corrupt-practics-act-money-laundering/
You do realize that all leading western nations have similar laws. Trump wants to reduce the U.S. to operating on third world standards with open & regular bribery.