Jonathan V. Last

And we had a ruling on that on Wednesday, which is helpful to Trump on that, right? Can you talk a little bit about this? Why would Trump feel the need to fire Powell now instead of just waiting out the end of his term? I mean, I have so many questions for you, but let's start with that one. So Trump has crashed the car.

And we had a ruling on that on Wednesday, which is helpful to Trump on that, right? Can you talk a little bit about this? Why would Trump feel the need to fire Powell now instead of just waiting out the end of his term? I mean, I have so many questions for you, but let's start with that one. So Trump has crashed the car.

And we had a ruling on that on Wednesday, which is helpful to Trump on that, right? Can you talk a little bit about this? Why would Trump feel the need to fire Powell now instead of just waiting out the end of his term? I mean, I have so many questions for you, but let's start with that one. So Trump has crashed the car.

This stuff is also so fundamentally important, but also when you step back from it, Firing Powell or even replacing him with sycophants or replacing him with whatever the Federal Reserve version of Pete Hegseth is does seem likely to harm the markets more. Yes. Does it not? I mean, this is like this is how South American banana republics are run. And their economies are not great.

This stuff is also so fundamentally important, but also when you step back from it, Firing Powell or even replacing him with sycophants or replacing him with whatever the Federal Reserve version of Pete Hegseth is does seem likely to harm the markets more. Yes. Does it not? I mean, this is like this is how South American banana republics are run. And their economies are not great.

This stuff is also so fundamentally important, but also when you step back from it, Firing Powell or even replacing him with sycophants or replacing him with whatever the Federal Reserve version of Pete Hegseth is does seem likely to harm the markets more. Yes. Does it not? I mean, this is like this is how South American banana republics are run. And their economies are not great.

Wow. Well, that's all super, super happy. Yeah. Let's talk about the tariffs. You've written a great deal about this. I don't know that we need to explain to people anymore, but I want to walk through it anyway, just because it was fun. You did a piece over at The Atlantic about the tiny little screws. You basically did just like a Surratt picture.

Wow. Well, that's all super, super happy. Yeah. Let's talk about the tariffs. You've written a great deal about this. I don't know that we need to explain to people anymore, but I want to walk through it anyway, just because it was fun. You did a piece over at The Atlantic about the tiny little screws. You basically did just like a Surratt picture.

Wow. Well, that's all super, super happy. Yeah. Let's talk about the tariffs. You've written a great deal about this. I don't know that we need to explain to people anymore, but I want to walk through it anyway, just because it was fun. You did a piece over at The Atlantic about the tiny little screws. You basically did just like a Surratt picture.

We're going to zoom in and zoom in and zoom in until you can see all the little pointillism. Can you walk people through the utter insanity of the idea that manufacturing, just in all caps, comes back to America through the tiny little screws in the iPhone, the pentalobes?

We're going to zoom in and zoom in and zoom in until you can see all the little pointillism. Can you walk people through the utter insanity of the idea that manufacturing, just in all caps, comes back to America through the tiny little screws in the iPhone, the pentalobes?

We're going to zoom in and zoom in and zoom in until you can see all the little pointillism. Can you walk people through the utter insanity of the idea that manufacturing, just in all caps, comes back to America through the tiny little screws in the iPhone, the pentalobes?

I think maybe don't understand is that supply chains are really just the physical manifestation of economic efficiency. And so the individual parts come from the places where it is most efficient to make them. This is how these things self-organize. And to come in and say, well, I'm going to change this, as you say, it's like you push the ball in one here, but something pops out over there.

I think maybe don't understand is that supply chains are really just the physical manifestation of economic efficiency. And so the individual parts come from the places where it is most efficient to make them. This is how these things self-organize. And to come in and say, well, I'm going to change this, as you say, it's like you push the ball in one here, but something pops out over there.

I think maybe don't understand is that supply chains are really just the physical manifestation of economic efficiency. And so the individual parts come from the places where it is most efficient to make them. This is how these things self-organize. And to come in and say, well, I'm going to change this, as you say, it's like you push the ball in one here, but something pops out over there.

Does the Republican Party go back to free trade after Trump is gone? This is what I can't quite figure out. Is there an actual appetite for protectionism and tariffs? Or is that just an artifact that there is an appetite for Trumpism?

Does the Republican Party go back to free trade after Trump is gone? This is what I can't quite figure out. Is there an actual appetite for protectionism and tariffs? Or is that just an artifact that there is an appetite for Trumpism?

Does the Republican Party go back to free trade after Trump is gone? This is what I can't quite figure out. Is there an actual appetite for protectionism and tariffs? Or is that just an artifact that there is an appetite for Trumpism?

and all the other things that Trumpism, you know, is like, like the racism and the, you know, rounding up Brown people and sending people off, you know, snatching, snatching Muslim grad students off the streets. There's an appetite for that. And if they get tariffs with that, then like, okay, they'll support it. But is there an organic place in the Republican party for this?

and all the other things that Trumpism, you know, is like, like the racism and the, you know, rounding up Brown people and sending people off, you know, snatching, snatching Muslim grad students off the streets. There's an appetite for that. And if they get tariffs with that, then like, okay, they'll support it. But is there an organic place in the Republican party for this?