Epistemic Status: Thinking out loud. Highly speculative spitballing from a person with no formal econ degree. Strong opinions weakly held.
Some thoughts as I freak out on day two of the market plummeting in response to these incoming tariffs:
I. Changing Rich, Changing Norms
There’s a fundamental shift going on in how billionaires etc interface with the government, and honestly, reality at large. The old era of backroom lobbying and regulatory capture that at least kinda tried to appear subt