Source: Ludwig von Mises Institute
by William L Anderson
“By any conventional measurement, Trump’s first 100 days have been tumultuous. This page — as it should — has taken a hard line against the implementation of the new tariffs and there is no backtracking from that criticism, even as many of Trump’s supporters have angrily reacted to the criticism. Furthermore, even Trump has thrown cold water on economic expectations with his recent ‘two dolls’ comments regarding how his tariffs have driven up prices for some goods. But Trump and his supporters claim that his economic regime of tariffs will have a ‘pain first, gain later’ effect, something we have also dealt with on this page. What Trump has not explained, however, is how his policies will affect the longer-term capital development that any growing economy desperately needs.” (05/22/25)
https://mises.org/mises-wire/regime-uncertainty-and-trump-new-deal