Part 3/9:
Anthony Scaramucci expresses concern that Trump’s current team lacks the restraint exercised by previous advisers like Gary Cohen and Stephen Mnuchin. The heavy-handed approach to tariffs raises fears of economic catastrophe, particularly through deflation. Scaramucci warns that in a deflationary economy, individuals would struggle to repay debts as their salaries decline while the value of loans remains unchanged. Such effects could spiral into deep economic challenges reminiscent of the Great Depression.