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> Musk has, in the short term, set us up for a shock to the economy from both unemployment and frozen government grants. Two more economic things to worry abou
by Terr_ 2y ago
> Musk has, in the short term, set us up for a shock to the economy from both unemployment and frozen government grants.
Two more economic things to worry about:
1. Trade: Republicans are starting a 4-front trade-war against the US' biggest trading partners. In other words, they'll be creating taxes (both directly and indirectly) on over half of all US international trade volume.
2. Inflation: Republicans are supporting Trump's threat to make the Fed lower interest-rates, and shielding his illegal attacks on agencies similar to the Fed which the law says the President cannot micromanage. If they succeed, it'll make some stats look better in the short-term (e.g. for the math of passing huge tax cuts) but it's ultimately throwing gasoline onto the inflation fire.