Josh Barro

We enjoy a dollar that is stronger than it otherwise would be, which means that we get to buy more things with each of our dollars, and we enjoy lower interest rates than we'd otherwise have because other people are lending us money because that's the way they store their money. They store it in U.S. government debt. That sounds like quite a good thing, and in fact, it is a good thing.

It is a thing that creates a higher standard of living in the United States than we would enjoy if we were not the bedrock of the global financial system. Some of the people around Donald Trump explicitly want to pull that apart.

It is a thing that creates a higher standard of living in the United States than we would enjoy if we were not the bedrock of the global financial system. Some of the people around Donald Trump explicitly want to pull that apart.

It is a thing that creates a higher standard of living in the United States than we would enjoy if we were not the bedrock of the global financial system. Some of the people around Donald Trump explicitly want to pull that apart.

They want a weaker dollar, and that would ultimately also imply higher interest rates, even though they don't really talk about the fact that it would cause interest rates to go up. And they want that because it would make the U.S. a more attractive place to do manufacturing. And it's true, but the tradeoff there would be a lower standard of living. Americans would have lower incomes.

They want a weaker dollar, and that would ultimately also imply higher interest rates, even though they don't really talk about the fact that it would cause interest rates to go up. And they want that because it would make the U.S. a more attractive place to do manufacturing. And it's true, but the tradeoff there would be a lower standard of living. Americans would have lower incomes.

They want a weaker dollar, and that would ultimately also imply higher interest rates, even though they don't really talk about the fact that it would cause interest rates to go up. And they want that because it would make the U.S. a more attractive place to do manufacturing. And it's true, but the tradeoff there would be a lower standard of living. Americans would have lower incomes.

They'd be able to buy fewer products, whether those are domestic or foreign. And other countries have pursued policies like this in the past. This is the sort of policy that some middle-income countries have had as they've been coming up. I mean, you know, they look to places like South Korea and Taiwan that had these export-driven growth through the 1980s, etc. But I would rather be the U.S.

They'd be able to buy fewer products, whether those are domestic or foreign. And other countries have pursued policies like this in the past. This is the sort of policy that some middle-income countries have had as they've been coming up. I mean, you know, they look to places like South Korea and Taiwan that had these export-driven growth through the 1980s, etc. But I would rather be the U.S.

They'd be able to buy fewer products, whether those are domestic or foreign. And other countries have pursued policies like this in the past. This is the sort of policy that some middle-income countries have had as they've been coming up. I mean, you know, they look to places like South Korea and Taiwan that had these export-driven growth through the 1980s, etc. But I would rather be the U.S.

in 2022 than be Taiwan in 1985. Taiwan was a country that had some good things going for it and was getting richer in but was poorer than the United States. And that's part of why it was an attractive place to do manufacturing. And so they have this weird set of priorities where they'd rather be a good place to manufacture than a good place to live and consume.

in 2022 than be Taiwan in 1985. Taiwan was a country that had some good things going for it and was getting richer in but was poorer than the United States. And that's part of why it was an attractive place to do manufacturing. And so they have this weird set of priorities where they'd rather be a good place to manufacture than a good place to live and consume.

in 2022 than be Taiwan in 1985. Taiwan was a country that had some good things going for it and was getting richer in but was poorer than the United States. And that's part of why it was an attractive place to do manufacturing. And so they have this weird set of priorities where they'd rather be a good place to manufacture than a good place to live and consume.

And as you start seeing that come through for Americans, that you have a suite of Trump administration policies that not only lower our standards of living, but are designed to lower our standards of living so that we can be the sort of people who are putting iPhones together. It's crazy. It is not what U.S. workers and consumers want.

And as you start seeing that come through for Americans, that you have a suite of Trump administration policies that not only lower our standards of living, but are designed to lower our standards of living so that we can be the sort of people who are putting iPhones together. It's crazy. It is not what U.S. workers and consumers want.

And as you start seeing that come through for Americans, that you have a suite of Trump administration policies that not only lower our standards of living, but are designed to lower our standards of living so that we can be the sort of people who are putting iPhones together. It's crazy. It is not what U.S. workers and consumers want.

And as you start seeing the deterioration in standards of living, which will come from the weaker dollar that buys fewer products, that you can see forecasted in the stock market, that will arise because businesses, they don't know what to invest in, they can't expand, they can't grow, they can't hire, that's going to be really unpopular.

And as you start seeing the deterioration in standards of living, which will come from the weaker dollar that buys fewer products, that you can see forecasted in the stock market, that will arise because businesses, they don't know what to invest in, they can't expand, they can't grow, they can't hire, that's going to be really unpopular.

And as you start seeing the deterioration in standards of living, which will come from the weaker dollar that buys fewer products, that you can see forecasted in the stock market, that will arise because businesses, they don't know what to invest in, they can't expand, they can't grow, they can't hire, that's going to be really unpopular.

And I think that it hasn't really settled in for people that this is what the administration is trying to do.