There are no “great minds” even in Washington, London or Brussels, let alone Trump’s Maga folks. The great minds most likely are in Moscow, Beijing, New Delhi, Brasilia and Johannesburg. Admittedly there are no singularly outstanding mind like Keynes, but at least the intellectuals in Beijing and Moscow think rationally and win-win, and look to making the world better and more inclusive for all of humanity.
Stephen, the trouble is either extreme is bad. We need to consider the possibility that we pursued our path too fast too far. Now we need to rebalance. That involve some hard turns the other way. The trick is not to overcorrect. But we probably will. Monetary policy is infamous for that. So is trade policy.
Bretton Woods was 81 years ago! The world and conditions have changed. Common sense says Bretton Woods needs to change too, particularly in face of trillion-dollar trade deficits a 36 trillion debt load. The current world order has failed the American middle class who have stood up and voted.
While I acknowledge that MAGA leadership appear authoritarian, the tariffs themselves looks more like an immune response.
Subsidizing strategic industries and tariffs are like offensive and defensive tools. When one side becomes overly aggressive, the other must respond—either by launching an offensive that neutralizes the "strategic attack" or by strengthening defense. The U.S. needs a balanced approach that incorporates both strategies, working alongside its allies.
Ultimately, the most crucial aspects of the World Order are individual freedom, equality among people, and the pursuit of truth. Empathetic leaders should collaborate to establish a World Order that safeguards these values for their people. A total offensive strategy will not succeed, nor will a highly defensive one; rather, a system of checks and balance is necessary.
There are no “great minds” even in Washington, London or Brussels, let alone Trump’s Maga folks. The great minds most likely are in Moscow, Beijing, New Delhi, Brasilia and Johannesburg. Admittedly there are no singularly outstanding mind like Keynes, but at least the intellectuals in Beijing and Moscow think rationally and win-win, and look to making the world better and more inclusive for all of humanity.
Stephen, the trouble is either extreme is bad. We need to consider the possibility that we pursued our path too fast too far. Now we need to rebalance. That involve some hard turns the other way. The trick is not to overcorrect. But we probably will. Monetary policy is infamous for that. So is trade policy.
Bretton Woods was 81 years ago! The world and conditions have changed. Common sense says Bretton Woods needs to change too, particularly in face of trillion-dollar trade deficits a 36 trillion debt load. The current world order has failed the American middle class who have stood up and voted.
While I acknowledge that MAGA leadership appear authoritarian, the tariffs themselves looks more like an immune response.
Subsidizing strategic industries and tariffs are like offensive and defensive tools. When one side becomes overly aggressive, the other must respond—either by launching an offensive that neutralizes the "strategic attack" or by strengthening defense. The U.S. needs a balanced approach that incorporates both strategies, working alongside its allies.
Ultimately, the most crucial aspects of the World Order are individual freedom, equality among people, and the pursuit of truth. Empathetic leaders should collaborate to establish a World Order that safeguards these values for their people. A total offensive strategy will not succeed, nor will a highly defensive one; rather, a system of checks and balance is necessary.
“As I was about to go on the air, the producers informed me the time of my segment had to be cut because Secretary Lutnick talks a lot.”
CNBC is ultimately entertainment, but playing along with the notion they’re informative, what a lost opportunity.