Paying the Price for Trump’s Economic Illiteracy

January 21, 2026

TL;DR

The new post-globalist era is characterized by economic policies driven by political considerations rather than market principles.
President Trump's approach to international trade is likened to a department store owner making decisions based on personal preference and flattery.
Populism, exemplified by figures like Trump and Elizabeth Warren, distorts economic decision-making in favor of political expediency.
Companies are reorganizing supply chains and making business decisions based on geopolitical risks and political calculations, leading to decreased efficiency and productivity.
This shift away from free markets and towards political influence in economic decisions will result in reduced prosperity for all.

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