Why is Trump Making His Second Term so Difficult
When Trump won office there was an uncomfortable amount of inflation. Grocery prices were up because covid had harmed production of some things and people had pent up demand from staying at home for a year or two. When things opened up, and salaries available, it helped pull prices up. As I write this, Trump is 10 minutes away from my place trying to put out the political fires he set. If Trump had paid attention to history, or, had advisors who paid attention, he would have predicted production would rise, demand would level off and inflation would largely disappear. He could have said during his first six months, "I am working night and day to reduce inflation" even though he did nothing. Prices would have leveled off or come down and he could have taken a bow. Easy-peasy. Instead, he started fiddling with tariffs. The existing tariffs were the result no doubt of hundreds of hours of talk around the world and piles of correspondence. All countries thought they should get a...