This is how things will play out in simple terms: Against all economic theory, against all negative expectations, against President Trump, his tariff strategy, which is to force nations into negotiating tariffs toward zero everywhere, this strategy or something proximate yet caused by it, will deliver a huge increase in global productive power. Most importantly in America herself. What happens to economies when they are given a spectacular labour saving device or an improvement in government efficiency or reduction in taxation as the tariff will deliver in this case, in spite of it being so unlikely and no one expecting it to work? Land values rise everywhere, especially where the gains of this new productivity emerge. What is more, the speculation in these land value earnings - rent, will drive demand for even higher 'capital' gains in the selling price of it. Into a mania where we all start to believe the price will keep rising forever. Everyone will buy in, especially the b...
North Stoke Life
Sightings from a hamlet in Oxfordshire, England