Trump threatened to cut off the economy’s hand (Liberation Day) and then people freaked out, and then he said “fine fine I’ll just chop off the economy’s pinkie above the knuckle” (the adjusted exempted tariffs) and then the economy got worse at everything involving the full use of five fingers (manufacturing etc), and Oren Cass is triumphant that this is a victory for all advocates of digital amputation.
1/10 This week marks one year since Liberation Day. You may recall predictions of doom from economists, and constant claims of failure from commentators, so let's take a look at the actual economic data from the past year, shall we? 🧵