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| While I Was Gone, Part 3: Economic Status
Released on Patreon on Sept 5, 2025 |
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To get early access to all the videos and newsletters, as well as other perks like the news digest, join the Patreon…
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| Today, we’ll be turning our attention towards the economic moves that the Trump admin made while I was away.
Intel was partially nationalized (10% government stake); this move supports semiconductor security but could also turn the company into a defense contractor rather than an innovator driven by profit. The Block Island wind farm project was completely halted…despite being nearly completed; this undermines US energy reliability, trust in government contracts, and the need for rapid energy expansion. And of course, Trump had to throw in an out-of-pocket personal attack with a Fed board member (Lisa Cook) over mortgage discrepancies, which is just another step towards making the Fed a political tool.
All these economic actions nudge the US further away from free-market capitalism, and closer to something where the government dominates industry, contracts, and monetary policy. However, experimenting with new economic models is inevitable, it would just be nice to let some other countries be the guinea pigs. |
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