Interesting, thanks for the link… I dug a little deeper, this youtube interview was interesting as well. I feel he overestimates Trumps intelligence and foresight, but is certainly a take that should be considered in how it might all play out.
Are there any reputable economists that think this has a chance?
True, and a lot of damage would be done in that time too.
I’m going to go devils advocate here… first Rand Paul, now Ted Cruz. When things break they’ll break quick, and as distasteful as both of these guys are, they’re not the dumb ones like Grassley, Bobert, or MTG. They smell something in the wind or they wouldn’t have the courage to speak out. Could we be witnessing the beginning of a schism?
And they have the gall to say they’re voting that way “for the economy”
Funny there was a town/region in Norway (i think, it’s been a long time) that had proposed such a plan. I thought it was Ringke or somesuch, but it came off as really racist, like the “we only want the white ones back” sort of thing. Not sure what became of it.
Came across this youtube video as well, which is interesting (perhaps once again gives too much credit to Trump, but also fleshes out some of his financial advisors and why they might be on board) I like that the author also gets into the economic history that leads what might be happening.
Once again though, i’m not really convinced. Seems like a huge risk and a gigantic bet on something that could easily break US hegemony permanently, and for what? The US is already on top of the economic pile with only minor threats to it’s position. A more direct path of investment in new technologies seems like a safer bet.