That’s not a bad scenario, except unemployment is already so low. It’s not idle people doing the manufacturing jobs. It’s people changing jobs.
There may be a pay raise to bump up tax revenue but when the factory opens it erases tariff revenue.
Not a Free Trader. Just one who obsesses over the power of mathematics.
There is no fix for $37T in debt and 3.4% composite interest rate unless there is outright default, explicit, uncamouflaged. The power of compound interest overwhelms all other factors. Trump knows it. It is why he has talked about selling assets, like vast expanses of land.
But it’s gone too far. Even that won’t suffice.
For most U.S. workers, real wages have barely budged in decades
If I only read your posts, I’d put a bullet in my temple.