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5 sats \ 1 reply \ @Undisciplined 4 Apr \ parent \ on: Trumps comments on Truth Social econ
I don't know what the point of the first one is, but there is no way Trump is saying that he's intentionally crashing the economy.
The second one is focusing on how things that affect normal people (energy and egg prices, unemployment, interest rates, inflation) are improving. That's why this possibility occurred to me.
Trumps tariffs will hit the less well off most- low income earners spend most of their income on consumption which is more affected by the tariffs and the 20-30% consumer goods inflation pump they will deliver.
That inflation in turn devalues the USD and reduces the relative government debt burden.
Trump is using tariffs to make low income US citizens pay for the tax cuts he is planning to give to himself and his wealthy fat cat sponsors...and to delay the collapse of the USD by reducing the US govt debt servicing burden by boosting government revenue via tariff revenue.
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