Part 7/8:
Touching on the implications of the Trump administration's tariff policies, Rule criticized the approach of using tariffs as a transactional tool that burdens consumers. He posited that these tariffs could lead to increased prices for goods without addressing the underlying economic concerns, warning that voters often overlook the arithmetic behind such policies.
In addressing concerns about U.S. debt, Rule acknowledged the validity of rising national debt levels but remained confident that the U.S. government would manage to roll over its obligations in the short term. He reiterated a historical perspective, suggesting that much like in the 1970s, the devaluing of the dollar would likely be a part of the solution to the current economic dilemmas.