Steve Randy Waldman
@interfluidity.com

"One former FAA engineer, who spoke to the Prospect on background for fear of reprisal given the high-profile death of Boeing whistleblower John Barnett last year…"

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Steve Randy Waldman
@interfluidity.com

as someone who lives in Florida and made a call to evacuate twice in the last three years based on obsessively monitoring NOAA websites, this is terrifying to me. the most Trump-ish state in the union, supercharging their (our) own catastrophe, blinded by false ideology abt govt and climate change.

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Steve Randy Waldman
@interfluidity.com

his diaper too.

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Steve Randy Waldman
@interfluidity.com

if you render a place completely uninhabitable, population transfer becomes as sad necessity rather than a crime against humanity.

Steve Randy Waldman
@interfluidity.com

what happens when the quasi-world-government just glitches out and goes haywire?

Steve Randy Waldman
@interfluidity.com

Next time some idiot is like "Mississippi, our poorest state, is more prosperous than France" citing GDP per capita stats, send them here.

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Steve Randy Waldman
@interfluidity.com

"The economic problems we face are serious, but this is not a serious way to address them." @rajivsethi.bsky.social rajivsethi.substack.com/p/reciprocal...

Link Preview: 
Reciprocal Tariffs: If you thought reciprocal tariffs meant the imposition of import duties on others that match those they currently impose on us, you’re probably not alone.

Reciprocal Tariffs

Link Preview: Reciprocal Tariffs: If you thought reciprocal tariffs meant the imposition of import duties on others that match those they currently impose on us, you’re probably not alone.
Steve Randy Waldman
@interfluidity.com

not much optimism about the dynamism of the EU in my reply stream!

in reply to this
Steve Randy Waldman
@interfluidity.com

here's a handy heuristic! when a guy says "They're eating the dogs, the people that came in, they're eating the cats…They're eating the pets of the people that live there." and in fact they are doing no such thing maybe don't vote for them to become the most powerful person on the planet.

Steve Randy Waldman
@interfluidity.com

journa.host/@w7voa/11427...

Steve Herman (@w7voa@journa.host)

Steve Randy Waldman
@interfluidity.com

so who do we greet as liberators?

Steve Randy Waldman
@interfluidity.com

i admire your fluency. i think the accent is pretty good!

in reply to this
Steve Randy Waldman
@interfluidity.com

ha! revenue means we can cut, lack of revenue means we need more cuts!

in reply to this
Steve Randy Waldman
@interfluidity.com

(just conjectural revenue then, to be able to claim “affordability” of a tax cut?)

in reply to this
Steve Randy Waldman
@interfluidity.com

yeah. much of the revenue would go to make whole disadvantaged elements of the Trump coalition even without recession-related transfers.

in reply to this
Steve Randy Waldman
@interfluidity.com

trying to make 10 year estimates requires conjectures like “do industries physically relocate to the US? which? what does that do to the allocation of labor? what is labor bargaining power like in this brave new world?” i don’t think it’s a plausible exercise. the uncertainty cone is too wide.

in reply to this
Steve Randy Waldman
@interfluidity.com

yes. definitely.

in reply to this
Steve Randy Waldman
@interfluidity.com

i think net of the expenses they occasion, zero to negative. recessions / depressions occasion ramp-ups of spending and transfers, and reduce imports. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

in gross terms? i’d have to actually review the numbers in detail. if the “static” answer would be 600B as they’ve said, than 300B, exports cut in half, might be too ambitious as a dynamic estimate, once higher prices and an economic downturn reinforce one another. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

I mean I just conjecture! To be very clear!

in reply to this
Steve Randy Waldman
@interfluidity.com

i think people underappreciate the degree to which this is revenue motivated. i think they've persuaded themselves they can ramp up tariffs and smother what they hate most, the income tax. they think things will reëquilibrate after a bit of turbulence, and then tax cuts will make everything amazing.

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