We all hope the implementation of tariffs in the USA goes well.
But with personal, business and natinal debt at record levels, companies and consumers may not have enough liquidity to endure the pain of tarrifs to see the gain.
To ensure it does, Trump can set up a hotline for CEOs and business leaders
If they have a problem, they should be able to call him directly with problems and plans for new plants, products, investments, workforces, training etc to produce stuff in the USA.
Trump can listen, obtain their plans, their cost estimates, distribute cash grants with money printed out of thin air by the Treasury for manufacturers, organize for construction permits to be issued without red tape, even get the military engineers to help build new plants, roads, bridges, train a workforce etc.
Act at top speed.
To increase consumer spending as needed, he can negotiate wage increases with business leaders paid for by printing money out of thin air by the Treasury, cut the interest rate on credit cards by executive order, give bonuses to the military etc.
A team can deal with the various problems to match demand and supply, grow the economy and avoid inflation.
https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-reciprocal-liberation-day-wisconsin-election-latest-news-b2725164.html
If the first few months go well, the US economy should be able to continue on an upward virtuous economic circle whereby workers with high wages buy products made in the USA creating ever more jobs and higher wages, demand, to stimulate ever more supply.
The Russian Def Minister Shoigu was very successful because he took a hands on approach to building up the military industrial base, visting factories, research hubs, talking to the workforce to ensure he was fully briefed about problems.
No comments:
Post a Comment