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Tariffs, Debt, and Growth Challenges
This chapter examines the impact of tariffs on the U.S. economy, particularly under Trump's policies, focusing on their potential to increase government revenue while disrupting consumption. It delves into the complex interplay between national debt, GDP, and economic stagnation, arguing for productivity boosts to stabilize the debt-to-GDP ratio. Additionally, the discussion highlights the re-emergence of bond vigilantes and explores the advantages of the U.S. dollar amid demographic challenges.