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Adam's avatar

Thank you for putting in the work on these Matt. 🫡

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Charles's avatar

That video of Batya talking about tariffs is absolutely brutal, and it is, in the greatest irony, something that is as paternalistic as the "Professional Managerial Class" and Elites that Batya rails so hard against. Raising prices on consumer goods bought by the working class (who she still talks about in Noble Savage terms like their straight out of a James Fenimore Cooper novel) unilaterally through executive action, exhibiting control over their purchasing power and, thereby, their decision making is as bad as anything the Ivy League Elites have done to randos in southern Indiana.

Unfortunately, Scott Lincicome, Bryan Caplan, and the host of economists are not great at making the case to the average person and they certainly have no broad support amount politicians because a lot of these arguments are from the left. The people talking about combating Trump's narratives on the left that I've seen are about just sweetening the handouts more than Trump has.

Also, the 1970s GDP going primarily to the middle class has a causal link to manufacturing is absolutely bananas. No evidence has been given for that at all.

I don't know what messaging needs to be done or maybe who the messenger might need to be, but this is a problem and, unfortunately, I think it's going to get worse until we see rough inflation, significant interest rate increases to deal with increased debt with the goal of shifting government revenue to tariffs from income tax, and a general attack on everyone's retirement savings.

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