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Trust and Economic Turbulence
This chapter examines the critical role of trust in society and financial markets during Donald Trump's administration, citing a significant loss of $4.5 trillion in stock market value. The discussion contrasts historical economic contexts, particularly focusing on the Ming Dynasty's isolationist policies, and their detrimental effects on innovation and society. As skepticism in the markets grows regarding the administration's promises, the chapter raises concerns about potential financial crises fueled by confrontations with the Federal Reserve.