Summary
Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.
Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in “$1 trillion” and spur U.S. manufacturing.
When asked about a pain threshold for Americans, he called the question “so stupid,” arguing economic “medicine” was necessary to reverse decades of “stupid leadership.”
He insisted the strategy would make the U.S. “solid and strong again.”
This rhetoric seems similar to that used by Milton Friedman and the Chicago school of economics. They applied ‘economic therapy’ to left-leaning economies in the late 1900s which involved rapid privatization of nationally owned industries. Negatively affected many otherwise healthy countries including England, Russia and Chilie.
The Shock Doctrine does a round robin of these events; highly recommended.
Project 2025 is about privatizing branches of government while citizens are too busy dealing with the fallout of economic collapse.
They’re seriously going to privatize the weather service and social security if we do not continue to take to the streets.
Russia was not healthy when it applied shock therapy. The Soviet Union was collapsing, massive political instability in Moscow, all sorts of countries moving out of the Russian sphere of influence, the first Chechen war started and so forth. It was fairly obvious that big decision had to be made, but unfortunatly Russia choose poorly.