Founding Father, Founding Principles - Part 1

George Washington, upon assuming the Presidency of the United States, hung up his sword and scabbard. America was not following the example of European monarchies by perpetrating chaos and violence in politics, trade and religion.?

Fast Forward

The Economist Editorial:?Business, beware

There is no evidence that Mr Trump has updated his approach: he is still a tax-cuts-and-debt guy. But the economic conditions have changed. For the past two years the Federal Reserve has been trying to bring down inflation. Though it has nearly succeeded, the labour market remains tight. Today 2.8m more 25- to 54-year-olds are in work than would be if the employment rates of January 2017 had persisted.

Populism, Democracy and Stupidity

Trump and Economic Risk?

These are the conditions under which Latin American populists bully their central banks to keep rates low, a practice Mr. Trump dabbled in last time. The Fed is supposed to be independent, but Mr. Trump will have a chance to nominate a stooge as chair in May 2026 and a pliant Senate could indulge him. The risk of more inflation would surge, perhaps exacerbated by more tariffs, which would also slow growth.

On top of that big macroeconomic risk are many others.

Firms would not relish further trade restrictions, but some members of Mr Trump's circle have floated a 60% tariff on imports from China. Lots of companies like the federal government's support for renewable energy (which Mr Trump calls the?Green New Scam).?

He has promised the biggest deportation scheme in American history to reduce the number of illegal immigrants in the country. As well as causing misery, this would be a shock to that tight labour market.

Logos , Metaphors and their Meaning?

Latin - the so-called "dead language" applies here.?

History is not dead. It is not even past - Faulkner?

Roman Empire: SPQR: The Senate and People of Rome?

British Empire: British East India Company?

Auspicio Regis et Senatus Angliae:?Under the auspices of the King and Senate of England - the logo pertaining to the British East India Company - when England controlled 70% of global trade.

Next: Global Trade and Chaos Trade 2 - an Update

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