alt Hacker NewsI strongly encourage interested folks to read Miran's "A User's Guide to Restructuring the Global Trading System" (I won't link directly since it auto-downloads a PDF).
Miran, and his thinking, clearly have this admin's ear and they're following many of the prescribed steps in his white paper. To the T frankly.
So if you're surprised by the USD devaluing by 10% last year or the immense pressure to drop the fed rate to under 2% by next year, well the reasoning and strategy is all laid out very clearly in the above whitepaper.
No confusion necessary! They explain every (terrifying) bit of their plan in that paper.
What is left out, and why I say it is terrifying, is that the whitepaper is academic and basically leaves uncovered any of the _political_ ramifications of these economic changes. And of course, those political ramifications can be immense.
Peter Navarro is the idiot whose mostly pushing the Trump economic policies. I say idiot, because he is really a complete and total crackpot. He's written a couple of papers where he cites himself on uncited principles as if they were ironclad economics. A flat earther to an astronomer is what Navarro is to an economist.
He is anti-trade and pro-isolation. He actually wants the US dollar to lose it's status as a world currency. His thought? If it does, then we'll better address national debt. Basically "Let's light the house on fire so we finally address the upstairs draft."