Editor’s note: The following is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
What does Trump 2.0 mean for the economy?
Last week, Donald Trump sat with news outlet Bloomberg for an in-depth interview on his economic plans. ZeroHedge wrote up a great summary.
In short, Trump plans more of what he did first time around: Lower taxes—he’s floating 15% rates. Slashing red tape; drill baby drill; and new tariffs, especially on the Chinese—which Trump again floated as a replacement for the income tax, which would be glorious if it came to pass.
He plans to end the foreign wars, including Ukraine and a theoretical war over Taiwan. And, of course, he plans to lock the border and deport 10 million-plus illegal aliens Joe Biden imported.
On the Fed, Trump plans to keep Jerome Powell until his term ends in early 2026—note that…
