On with Kara Swisher Why Trump’s Economic Illiteracy Might *Not* Tank the Economy
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Aug 21, 2025 Steven Rattner, an economic analyst for MSNBC and CEO of Willett Advisors, joins to dissect recent economic paradoxes. He discusses how tariffs are rising yet inflation remains stable, while the stock market thrives despite job losses. Rattner critiques Trump's economic policies, highlighting the disconnect between the economy and the stock market. They explore the impact of AI on productivity and ponder whether this technological boom can sustain growth amid political upheaval. His insights shed light on the chaotic intersection of business, politics, and economic trends.
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Fundamental Economic Illiteracy
- Trump shows a basic misunderstanding of core economic principles like supply and demand, tariffs, and inflation drivers.
- Steve Rattner argues this ignorance shapes risky, ad-hoc policies with broad economic impact.
Tariffs By Whim Hurt Planning
- Trump's tariff rollout has been chaotic, with inconsistent rates and on-again/off-again application.
- Rattner says that uncertainty alone harms planning for businesses and consumers.
Delay Big Bets During Trade Uncertainty
- Businesses should avoid making long-term plans until trade-policy clarity improves.
- Consumers should delay major purchases if policy uncertainty could affect prices or availability.