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8min chapter
Election Economics: Will A Trump Win Upend Markets?
Many Happy Returns
Impact of Mass Deportation Policies
This chapter examines the economic and labor market consequences of a proposed mass deportation policy targeting 15 to 20 million unauthorized immigrants in the U.S. It outlines the potential for significant inflation and labor shortages resulting from the removal of around 8 million individuals from the workforce, while also reflecting on historical precedents and current public sentiment. The chapter further delves into the relationship between President Trump and the Federal Reserve, discussing concerns around monetary policy and the central bank's independence amidst shifting economic policies.
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