Day: October 26, 2024

Trump’s economic policy can be summarized as:
1. High import tariffs on and trade war with all, which will reduce trade & welfare, but drive up inflation.
2. Continued minimal taxes on billionaires, which will aggravate inequality & public debt.
3. Weaken Fed = more inflation.

— Anders Åslund (@anders_aslund) October 26, 2024