Part 1/10:

Analyzing the Latest Developments in US Foreign Policy and Economics

Experts and Economic Predictions: A Question of Credibility

The discussion opens with a critique of what seems to be a pattern of misjudgment by the expert class, especially economists, regarding recent economic figures. Despite predictions of economic downturns and warnings of inflation, the data tell a different story. In July, tariff revenue hit a monthly record, garnering $150 billion, indicative of robust US trade activity. Interestingly, this surge in tariffs has not translated into runaway inflation; instead, the economy shows signs of decent growth.