The Bitcoin Layer Trump's POTENTIAL Economic and Dollar Playbook REVEALED by Former Treasury Official
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Dec 12, 2024 
Stephen Miran, a PhD economist and senior strategist at Hudson Bay, shares invaluable insights from his time at the U.S. Treasury. He discusses the strategic role of tariffs in reshaping global trade dynamics and their potential effects on the dollar. Miran explores how a strong U.S. dollar affects American manufacturing, suggesting that tariffs could bolster competitiveness. He dives into the relationship between Federal Reserve policies and inflation, proposing strategies that might redefine the U.S. economy's future while navigating challenges in critical industries.
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Costs and Benefits of US Global Role
- The US provides reserve assets and a security umbrella to the world, which benefits global trade and peace.
- These provisions, however, come at a cost to the US, including trade deficits and a strong dollar, impacting domestic manufacturing.
Tariffs and Tax Cuts
- Tariffs can generate revenue for the US Treasury, which can then be used to finance tax cuts for American businesses and workers.
- These tax cuts can make American production more competitive, offsetting the negative impacts of a strong dollar.
Dollar Strength: A Double-Edged Sword
- A strong dollar can be disinflationary by lowering import prices and making other countries' goods more competitive.
- However, excessive dollar strength can tighten financial conditions globally, potentially harming other economies.