Macrodose Liberation Day! w/ Yanis Varoufakis [Patreon Preview]
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Apr 2, 2025 
Yanis Varoufakis, an influential economist and former Greek finance minister, joins the conversation. He discusses the implications of Trump's 'Liberation Day' tariffs and Germany's shift to military Keynesianism. The trio explores the potential for a wealth tax, the legacy of Nixon’s monetary policies, and strategies for U.S. dollar devaluation. They also delve into the transition from a unipolar to a multipolar world and the need for the UK to adapt. Varoufakis brings sharp insights on economic strategies that resonate with current global dynamics.
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Trump's Economic Strategy
- Trump's post-election economic plan involves using tariffs to initiate a controlled disintegration of the world economy, mirroring Nixon's 1970s strategy.
- This aims to shift power, manage trade deficits, and ultimately maintain US economic hegemony.
Dollar Devaluation Strategy
- Trump's strategy involves devaluing the dollar while preserving its reserve status, strong-arming other nations into buying US assets.
- This is achieved through tariffs and individual negotiations, potentially creating a divide between nations.
Trade, Politics, and Power
- Grace Blakeley highlights that trade policy is intertwined with political and economic power struggles.
- She notes that US dominance isn't guaranteed in the emerging multipolar world, unlike the post-USSR era.