Liberation Day in AmericaWhile much of the world freaks out over reciprocal tariffs, I support the sweeping tariffs and their intention.
Dear Readers, Greetings from Europe! While the financial media and equity investors panic about the latest tariff announcements from the President, I was hit with a swell of pride. The reason for the enormous gap between my opinions on Liberation Day and the perceived fear of economic destruction comes down to framing. Why would I embrace an economic policy that builds barriers between trading partners, chokes off American businesses dependent on imports, and sends stocks tumbling? Let’s get right into it.
The first months of the new administration have sparked an unprecedented push for cost-cutting and efficiency within the federal government—but DOGE Can't Fix The Dollar. Join us on April 16th to hear PhD economist Peter St. Onge explain how bitcoin brings true efficiency to governments while protecting your generational wealth. With macro uncertainty driving a dip in bitcoin prices, now is the time to understand the fundamentals driving the global shift to sound money. In defense of the American middle classWhy don’t we start with the mainstream financial media’s coverage of yesterday’s events. I was almost shocked to read what I did, with an emphasis on “almost.” In fact, when I voiced this opinion to my wife walking the streets of Southern Europe (more on the relevance of this later), she reminded me that the media is permanently against Trump, and that I was shortsighted to expect any positive coverage. I quickly realized she was right. Before I proceed with my analysis, I’ll state my working thesis on tariffs. The stated reason for them is to revive US manufacturing—the narrative goes:
This narrative is wildly incomplete, and anybody thinking that tariffs are about US manufacturing jobs is missing the true purpose and intention, despite anything the Secretary of Commerce Lutnick has to say about it: “You’re going to have to build it in America if you want to avoid these tariffs, or these countries have to fundamentally alter the way they do their business.” This is not about bringing jobs back from China to the US—that is only a small part of the picture…... Subscribe to The Bitcoin Layer to unlock the rest.Become a paying subscriber of The Bitcoin Layer to get access to this post and other subscriber-only content. A subscription gets you:
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Thursday, April 3, 2025
Liberation Day in America
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