Trumpenomics
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wrote 27 days ago last edited by
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wrote 27 days ago last edited by
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wrote 27 days ago last edited by
This guy put it better than I did:
Embarrassing to tweet this. Stocks are up b/c the market punched you in the mouth over and over and over until you realized your bad policy needed to be walked back. You started walking it back and the president admitted he wouldn’t fire the Fed chair so the markets went back up
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wrote 27 days ago last edited by
It's almost childish how dumb Bessent is with that remark. The market is still down 10% from when the chaos was unnecessarily started. But you and the other dude put it better than that.
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wrote 27 days ago last edited by
He has audience of one that he needs to solve for before others.
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wrote 27 days ago last edited by
I can imagine he is well aware of his assignment, and how ridiculous he has to act in order to do it. I'm glad he's there, and I have no doubt that if he walked away on principle, his replacement would be worse.
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wrote 27 days ago last edited by Mik
Sometimes conditions develop because it’s the best idea at the time. One is unwise to muck about with them if they don’t understand why they developed the way they did. This applies to so very many things and I’ve seen my maxim ignored many times, never to good outcomes.
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wrote 27 days ago last edited by jon-nyc
That is called Chesterton’s Fence, which he viewed as a fundamental tenet of conservatism.
Chesterton's fence
"Chesterton's fence" is the principle that reforms should not be made until the reasoning behind the existing state of affairs is understood. The quotation is from Chesterton's 1929 book, The Thing: Why I Am a Catholic, in the chapter, "The Drift from Domesticity":
In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, "I don't see the use of this; let us clear it away." To which the more intelligent type of reformer will do well to answer: "If you don't see the use of it, I certainly won't let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it."
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wrote 27 days ago last edited by
He plagiarized me!
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wrote 27 days ago last edited by
UPS says it will cut 20,000 jobs worldwide in 2025
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wrote 27 days ago last edited by
Yeah, but if you suffocate efficiency out of the markets and force America to build stuff that other countries used to build for us very cheaply, you will create factory jobs. For every 20 jobs lost from the efficient economy that we destroyed with tariffs, we create one factory job. Everybody knows the value conversion between a factory job and a job in an efficient economy is 1:1000, so 1:20 is a huge win.
I can't wait for the documentaries following factory workers through a day in their lives, so we can all see the magic we've created. It will go down in history as America's single greatest accomplishment.
I would like to see factory jobs on all of our currency going forward. And put factory jobs on our flag.
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wrote 27 days ago last edited by
Winning by a factor(y) of 10!
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Yeah, but if you suffocate efficiency out of the markets and force America to build stuff that other countries used to build for us very cheaply, you will create factory jobs. For every 20 jobs lost from the efficient economy that we destroyed with tariffs, we create one factory job. Everybody knows the value conversion between a factory job and a job in an efficient economy is 1:1000, so 1:20 is a huge win.
I can't wait for the documentaries following factory workers through a day in their lives, so we can all see the magic we've created. It will go down in history as America's single greatest accomplishment.
I would like to see factory jobs on all of our currency going forward. And put factory jobs on our flag.
wrote 27 days ago last edited by@Horace said in Trumpenomics:
Yeah, but if you suffocate efficiency out of the markets and force America to build stuff that other countries used to build for us very cheaply, you will create factory jobs. For every 20 jobs lost from the efficient economy that we destroyed with tariffs, we create one factory job. Everybody knows the value conversion between a factory job and a job in an efficient economy is 1:1000, so 1:20 is a huge win.
I can't wait for the documentaries following factory workers through a day in their lives, so we can all see the magic we've created. It will go down in history as America's single greatest accomplishment.
I would like to see factory jobs on all of our currency going forward. And put factory jobs on our flag.
I think it's important to support this initiative, so I'm going to be visiting a factor over the weekend, and supporting factory workers. I love cheesecake, so it's a win-win.
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wrote 27 days ago last edited by
Sounds like a good plan. Maybe I'll check out where they make Buffalo Wings.
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wrote 27 days ago last edited by
Just steer clear of the sausage factory. You really don't want to know.
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wrote 27 days ago last edited by
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wrote 27 days ago last edited by
Whew!
JUST IN: Bessent says tariffs will not cause shortages of consumer goods
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wrote 27 days ago last edited by
That's a relief. Any word on whether tariffs raise prices?
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wrote 26 days ago last edited by
His mistake. He meant sheriffs, not tariffs.
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wrote 26 days ago last edited by
They already have. We got a quote on a follow spot for the high school. It was $3500 plus a $750 tariff reclamation fee.