Given that the US have turned into an international bully, this is all good news for the free world. A weak and declining US will not be able to do as much damage to democracies. How can we speed up the process?
Short-term pain for the many, long-term gain for the few...that's how Elno/tRump penciled it out, but - you know - along the way shite happens, and - oh, yes - "the best-laid plans of mice and men" and all that.
You really hate to see the tech assholes lose $210 billion after fellating this guy. Anyway the next Dem administration should have a lot of fun with criminal prosecutions and AI and cryptocurrency crackdowns and asset seizures.
This idea that "AI leads to a golden age" only works if we also lead in AI. But AI isn't magical, it depends on our basic research and high-tech development.
And, even if "our" AI does take off, the benefits still won't be felt widely precisely because they will be centralized in the hands of a new Ancien Regime which pays no taxes (thanks to Trump) and makes its money by replacing people (thanks to Musk). When you add to that the likelihood of AI-driven market panics and bitcoin collapses there is really no way this will save us.
The TCJA had a finite life by design, unlike other laws that have no sunset provision. Thus, by any reasonable measure, letting the TCJA expire at the end of 2025 as planned would not be a "repeal" and hence not a newly imposed tax; instead, extending the TCJA beyond its originally specified life would be a new tax cut. Clear as day.
Professor Daniel W. Drezner: All you need to know about the Trump Administration is stated so well by Catherine Rampell (Princeton Graduate, Economist at the Washington Post):
"As Catherine Rampell notes in her latest column, Trump “has already positioned America to lose the 21st century, in three simple steps. 1) Alienate your friends. 2) Destroy your business environment. 3) Slaughter your golden goose (i.e., science and research).”
No one in their right mind believes giving the rich more money is the answer . More deficit will decrease buying power with more inflation. He might try that nonsense, but he won't be able to sell it.
Great article! One observation: That CEO confidence survey was taken from Jan. 27th through Feb. 10th. I doubt that confidence is still so high.
Given that the US have turned into an international bully, this is all good news for the free world. A weak and declining US will not be able to do as much damage to democracies. How can we speed up the process?
Support tRump! Fan the fire.
Short-term pain for the many, long-term gain for the few...that's how Elno/tRump penciled it out, but - you know - along the way shite happens, and - oh, yes - "the best-laid plans of mice and men" and all that.
You really hate to see the tech assholes lose $210 billion after fellating this guy. Anyway the next Dem administration should have a lot of fun with criminal prosecutions and AI and cryptocurrency crackdowns and asset seizures.
tRump doest have a clue how macro en
Economics functions . He was the dumbest guy at Wharton . He hasn't learned anything since.
This idea that "AI leads to a golden age" only works if we also lead in AI. But AI isn't magical, it depends on our basic research and high-tech development.
And, even if "our" AI does take off, the benefits still won't be felt widely precisely because they will be centralized in the hands of a new Ancien Regime which pays no taxes (thanks to Trump) and makes its money by replacing people (thanks to Musk). When you add to that the likelihood of AI-driven market panics and bitcoin collapses there is really no way this will save us.
"Trump’s tax cuts won’t help economic growth" Continuing the TCJA is not a tax cut. Enacted seven years ago, repeal would be a tax increase.
The TCJA had a finite life by design, unlike other laws that have no sunset provision. Thus, by any reasonable measure, letting the TCJA expire at the end of 2025 as planned would not be a "repeal" and hence not a newly imposed tax; instead, extending the TCJA beyond its originally specified life would be a new tax cut. Clear as day.
But the expiration will look and act like a tax increase. If it looks like a duck, etc.
Professor Daniel W. Drezner: All you need to know about the Trump Administration is stated so well by Catherine Rampell (Princeton Graduate, Economist at the Washington Post):
"As Catherine Rampell notes in her latest column, Trump “has already positioned America to lose the 21st century, in three simple steps. 1) Alienate your friends. 2) Destroy your business environment. 3) Slaughter your golden goose (i.e., science and research).”
https://www.washingtonpost.com/opinions/2025/03/04/trump-economy-science-21st-century/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzQxNDk2NDAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzQyODc1MTk5LCJpYXQiOjE3NDE0OTY0MDAsImp0aSI6IjU5YjJkMGI5LWU2NzMtNDAwNy05OWQxLWQ4YTdkODVkN2I2ZCIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9vcGluaW9ucy8yMDI1LzAzLzA0L3RydW1wLWVjb25vbXktc2NpZW5jZS0yMXN0LWNlbnR1cnkvIn0.r4cNNRKQRyIWU3LpHXrjmC3IPxbQUewuabRxSvcrQk0
You and Noah are singing the same song. https://www.noahpinion.blog/p/there-is-no-utopia-waiting-on-the?utm_source=post-email-title&publication_id=35345&post_id=158801314&utm_campaign=email-post-title&isFreemail=false&r=1nzbtr&triedRedirect=true&utm_medium=email
One thing I'm sort of wondering about is whether Trump is OK with a recession because it will help him get the tax cuts passed?
No one in their right mind believes giving the rich more money is the answer . More deficit will decrease buying power with more inflation. He might try that nonsense, but he won't be able to sell it.