Thoughts From the Great Economist
Like everyone else I met on an overnight meeting in the Bahamas, I am worried about a recession. The world’s largest economy could dip into one, and very quickly, said a multibillionaire attending the same party as me. Personally, I have never understood much about economics. I have always left such matters to people who can tell the difference between a hedge fund and a mutual fund, duties and tariffs, and so on.
So, let those of us who regularly read this column and know as little as I do about economics try to figure out what The Donald is doing: Is he taking us down a black hole, or is he making those of us living in America better off? All I am certain of is that good faith in the U.S. dollar is what the government runs on, which in turn is based on “business as usual.” Where change must be introduced, it need be in slow increments. When upended, there’s a danger of recession. The tariff plan includes duties on many countries, but the planned start dates for many of those changed abruptly last week, with a ninety-day pause for goods from many places except China. This is very disruptive and roils global markets. U.S. debt and U.S. budget deficit are also big—in fact, e
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
