Ryan
๐ค SpeakerAppearances Over Time
Podcast Appearances
Actually, David, the best take I read on some of the things happening with Trump, this Fed prosecution, also Venezuela, came from Noah Smith this week.
You know, economist Noah Smith, he's got a great self-stack.
Yeah, one of our favorites.
So his whole thing was Trump did both Venezuela and the Fed prosecution the push towards lower inflation for political reasons.
And a key political reason is he knows that affordability is what the American people want.
His lowest poll ratings are all around affordability and inflation.
And so what is Trump doing?
Okay, Venezuela, access to oil.
What does that do?
It's an inflation lever that he can actually control because if you flood the market with oil, you get gas price down.
Exactly.
And so American consumers notice that the price of the pump is one of the, you know, big inflation kind of things that are most notable.
So he's doing that.
And then also the other thing they notice is the price of their mortgage, price of their credit card bill.
And so that's why Trump wants interest rates down too.
So he's actually, this may look like chaos, but it's actually somewhat calculated from a political perspective.
At least this is the argument Noah's making.
But he calls it affordability.
Noah calls it gangster affordability.
Because the way Trump is doing it is like straight up mob boss.