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Obviously this will have enormous economic consequences if the "policy put" has a lower strike than the world needs, but I'm honestly more curious about the lon
by biophysboy 2y ago
Obviously this will have enormous economic consequences if the "policy put" has a lower strike than the world needs, but I'm honestly more curious about the long-term political effects of this.
Trump has made the GOP more populist and in response the Dems have become more institutionalist. Long-term tariffs could lock in this trend, with finance and business resigning themselves to settle for the latter political camp. Basically, business would trade vicious efficiency for reliability/predictability, while the dems would trade Bernie bros for the business class.