As the saying goes, a fish rots from the head. Is the same true of our economy?
The Trump cocktail of deportations, tax cuts for the wealthy, chaotic deregulation, and constantly changing tariffs will have both immediate and long-term impacts. The immediate impacts will be a sharp drop in consumer confidence and higher inflation. The long-term problem will be a lack of investment and lost productivity.
In other words, we are creating an American equivalent of Brexit. It will have similar consequences.