Andy Constan on Trump Tariffs
Right now, there are two important policy changes that have come out in 2025. The first is DOGE aimed at eliminating waste, fraud and abuse in the government. The second is tariffs aimed at making global trade more fair
Which matters more?
The chart today looks at each in terms of their size relative to the GDP of the US. The scales are different to
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While deficits of $1T+ per year, with debt repayments of nearly $1T themselves, people think this is unsustainable short term and will combust. I disagree, there is atleast a 5-10 year runway without the existential crisis, however as I said in TechDollar 1, it will get worse every year, the money printing will exacerbate all the issues internally ... See more
Dan • Tech Dollar 2: The War of the Worlds and Fate of the Dollar
running huge trade deficits with the entire world year after year for decades. There are two exceptions to the understanding that bilateral deficits don’t matter. First, the content of trade can be important. For example, it is not in the interest of a large manufacturing economy such as the United States to ship basic materials overseas in exchang
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