Trump's 'Performative' Tweets Don't Change Law, Says Economist Paul Krugman, Calling Credit Card Rate Cap As 'Charade' - SPDR S&P 500 (ARCA:SPY)

Nobel laureate Paul Krugman asserts that President Donald Trump's recent announcement of a 10% cap on credit card interest rates is a legally powerless “charade” driven by political considerations.Governing By ‘Performance’In a new analysis on Substack, Krugman dismisses the President’s declaration as purely “performative,” noting that a post on Truth Social lacks the legal force to alter financial regulations.“Tweets don't change the law,” Krugman writes, characterizing Trump as a “would-be price controlle ...