Taxation Policy & Economic Impact - The American right has been trained to oppose any and all taxes, but this is a terrible idea [1] - Taxes are necessary, and property tax distortions are less significant than alternatives like income tax [2] - Removing property taxes would lead to higher taxes on working young people and increased home prices, benefiting retirees [2] - Current policies disproportionately favor the elderly, necessitating policies that support the young [3] Housing Affordability & Generational Wealth - Young people are struggling to afford homes, leading to wealth accumulation among the old [2] - Property taxes may require some individuals to downsize when income decreases [3]

Joining us now, Henrietta Trees, co-founder and director of economic policy for Veta Partners. Maya Roupert is senior adviser for was senior adviser for the Warren campaign and former campaign manager for Julian Castro. So Henrietta, if the tariff exemptions would go through, what impact could it have on the economy and on Americans wallets.>> Well, first of all, we could finally bring coffee prices back down to where they were in the Biden era, which was 50 percentage points lower than where they are today ...

It is officially as of today the Marie and Twinet presidency. While 42 million Americans go without critically important food assistance and millions more struggle with huge increases in the cost of everything from rent to healthcare to what Donald Trump himself describes as quote the grocery. The president who was elected in large part because of the price of eggs and Donald Trump's promise over and over and over again that he would bring the prices down says, "Well, let them eat well done steak. " Here's ...

Economic Policy & Reality - The report highlights a discrepancy between the Trump administration's claims of economic improvement and the lived experiences of many Americans, particularly regarding the rising cost of living and groceries [1][8] - The analysis points out that Trump's alleged 25% reduction in Thanksgiving meal costs is based on a basket with half as many items compared to the previous year, suggesting a policy of "make do with less" [1] - The report suggests that rising costs are impacting everyday Americans, with some maxing out credit cards to afford monthly expenses [1] Political Implications - The report indicates a potential split within the Republican party, with figures like Marjorie Taylor Green publicly acknowledging the issue of high grocery prices, contradicting the administration's narrative [1][6] - The analysis suggests that voter discontent over economic issues contributed to Republican defeats in recent elections [1] - The report posits that the Democratic party is favored in the upcoming midterms due to the president's economic policies being misaligned with both conservative principles and economic reality [2] Trump Administration's Response - The report criticizes the Trump administration's response to economic concerns, highlighting instances of alleged misinformation and insensitivity, such as building a ballroom while people struggle with food costs [1][11][12] - The report mentions Trump's claim of a 25% reduction in the cost of Thanksgiving, which is fact-checked and found to be misleading [1][9] - The report suggests that tariffs implemented by the Trump administration are contributing to inflation [5][6]

In stable economies dollarisation is unnecessary and brings costs. The best way for America to make its currency attractive would be to run good economic policy at home https://t.co/GRtaNP9tznIllustration: Ben Hickey https://t.co/c1KqIksNka ...

In stable economies dollarisation is unnecessary and brings costs. The best way for America to make its currency attractive would be to run good economic policy at home https://t.co/6dXMjwkSP2 ...

Legal & Policy Analysis - The Supreme Court is reviewing the president's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, with justices questioning whether the president is infringing on Congress's authority [1][2][9] - Some justices expressed skepticism about the administration's broad view of executive authority in foreign affairs and the delegation of power from Congress to the president [2][3][4] - The focus of the legal argument is whether IEEPA, which grants the president power to regulate imports, also includes the power to impose tariffs [9] - There is a debate on whether the tariffs are regulatory or revenue-raising, with the government arguing they are primarily regulatory, despite raising revenue [10][11] Economic Impact & Trade Strategy - The Trump administration views tariffs as a cornerstone of its economic policy, and is likely to pursue alternative measures if the current tariffs are struck down by the Supreme Court [14] - Alternative measures to tariffs would likely involve investigations by the Commerce Department or the International Trade Commission, requiring more time than the current approach [15] - The full impact of the hundreds of billions of dollars of tariffs collected is still being assessed, with uncertainty about whether it can be done without harming the economy [17] - Companies should prepare for some form of tariffs, whether these or others, as the administration is expected to continue using them [18] Market Outlook & Timeline - The Supreme Court's decision is expected relatively quickly, potentially before the end of the year or early next year, due to the expedited basis of the case [19]

US-China Trade Relations - A one-year truce exists in US-China trade relations, but tensions remain from previous policies [1][2][8] - The US accounts for 15% of total global imports, and China accounts for 15% of global exports of goods, highlighting their mutual dependence [5] - The current trade situation is close to pre-"Liberation Day" tariffs, with some exceptions like fentanyl tariffs and licensing regimes on magnets [3][4] - Ambiguity persists on complex issues like Taiwan, TikTok, high-tech chips (BLACKWELL), and China's potential Boeing/oil purchases from Russia [4][5][6] Geopolitical Strategy and Alliances - The US should work with allies to develop secure supply chains, reducing dependence on China for rare earths [9] - Agreements with allies like Australia are crucial, and exploring opportunities in Latin America for rare earths is important [10] - China is considered the biggest competitor and strategic threat to the US, necessitating agreements with countries to pull them out of China's sphere of influence [11] - The US faces distrust and dislike globally, hindering cooperative agreements, despite other countries needing the US market and defense [16] Market Discipline and Future Outlook - Market discipline is expected to prevent an escalating trade war, as it would hurt both the US and China significantly [5][8][9] - The US has been perceived as an unreliable trade partner, with deals being made and then retracted, creating distrust [15][16] - A shift towards cooperative agreements, rather than a "bullying mentality," is needed for improved relations and cooperation [15][16]

The Argentine people voted for rejoining the modern world in terms of economic policy with uh sound fiscal policies with respect for the private sector with an opening up of uh the economy. So I was uh very gratified as were markets um by the choices that the Argentine electorate made. It's true in every country and it's especially true in Argentina that you don't regain credibility with a single election or a single policy uh step.But this was uh a significant. ...

Argentine Election & Economic Policy - President Milei's party achieved a surprising victory in Argentina, exceeding expectations [1] - The election result is viewed as a vote for Argentina to rejoin the modern world with sound fiscal policies, respect for the private sector, and an opening up of the economy [2] - Markets reacted positively to the Argentine electorate's choices [2] Economic Credibility & Success - Regaining credibility is a process that requires more than a single action or policy step, especially in Argentina [3] - Avoiding potential economic missteps is a key component of successful economic policy [3] - President Milei's leadership is seen as a sign of success for Argentina [4]