Trumponomics
Here:
but for those who are not European, pro-European, and in general for all other forms of cultural and/or psychiatric distress, here:
with two comments.
The first one is from a friend of ours :
and the second is from an acquaintance of mine:
Today everyone is talking about Trump's speech referring to what he said about Greenland or Macron, but it seems to me that the most significant thing was this passage:
"But I remember not long ago, 20, 25 years ago, when good news came out about, let's say, the United States: "The United States had a great quarter, the United States had a great month!" all the stocks went up, and that's the way it's supposed to be. Now, when they say the United States had a record quarter, it's unbelievable how well it's doing. All the stocks crash because they say, "Oh no, inflation. Inflation. They're going to raise interest rates. 5%, where people were surprised. We should do 20%, we could do 25%.
When we announce good numbers, and the reason is they're so petrified of inflation. And growth doesn't mean inflation. We've had tremendous growth with very low inflation. In fact, growth can fight inflation, proper growth. So, we want to get back to the days when we announce great numbers because we're going to be announcing phenomenal…"
I believe you can begin to realize what a privilege it has been for you to have access to a balanced view of economic facts, based on the best doctrine, rather than the slapdash editorials fed to us by our media operators. Imagine the culture shock of the many imbeciles the media-judicial complex has peddled to us as "economists" for years, and of those who followed suit! The answers to some of the questions we've been asking ourselves over the years are coming soon, for example here (which path will be chosen to repay an outsized debt?) and here , with a more disadvantaged version, here (which will the US choose between Europe and the European Union?).
Pity the poor fools who, lacking the slightest grasp of economic science, must grope for refuge in the consoling narrative of a mad Trump, simply because they wouldn't bow to the illustrious wisdom of an Oscar Giannino or a Massimo Giannini (both of whom are highly versed in economics). The "inos," the "inis," and the "in" are lost, desperate, because they sense that their time—the time of fairy-tale ethicization, the time of economics explained to (and by) children—is over.
The conversation has become more adult, made up of clear questions and clear answers.
What path will be chosen to manage the debt? Growth, then financial repression (exit "central bank independence," curtain). See the comments of friends and acquaintances.
What will the United States choose between Europe and the European Union? Europe (exit "European Union," curtain). See thestrategic guidelines published in December (which will require further analysis: don't feel left out, but this is a rather intense period).
Things are therefore moving in the direction that has long been indicated to you here, and you will not be surprised. Precisely for this reason, it will be necessary to recall some facts, which I will humbly list to temper our enthusiasm.
First, a clear answer can be made without being any less hypocritical. The strategic guidelines speak of nation states and overcoming globalization , but… Trump is obviously very conservative when it comes to the free movement of his capital! I'm pleased to reiterate something I said, unheard, some time ago: Ciamp isn't necessarily one of us ! Simply speaking her mind to a provincial politician like Kallas isn't enough to demonstrate a concrete and determined will to put an end to the depression and debt-generating spiral of the third globalization !
Second, Trump isn't forever (unfortunately), and Rome wasn't built or unbuilt in a day. Even if the path he's taken is the right one, the possibility of seeing change is closely tied to Trump's ability to create a credible succession that can steer the course. Historically, few leaders have succeeded, and if we emerge from a historical period in which this task was left to the lottery of genetics (that's how monarchy worked…), perhaps none. Let's hope for the best!
Third, Trump is not the United States, and the United States is not Trump (otherwise, he wouldn't have suffered at least two assassination attempts during his second presidential campaign). So, being a clay pot, we must be careful not to lean toward whoever is currently handling the steel pot.
These things are more obvious to you than to me, I realize. Much less obvious, and we should indeed be pleased, is the fact that in a context like Davos the same ideas we've discussed so often here are emerging, completely independently. The time is ripe, whether we like it or not. Those with firmness of mind and spirit will reap great rewards.
For everyone else, there's Mark O'Ryzzo…
This is a machine translation of a post (in Italian) written by Alberto Bagnai and published on Goofynomics at the URL https://goofynomics.blogspot.com/2026/01/trumponomics.html on Thu, 22 Jan 2026 13:29:00 +0000. Some rights reserved under CC BY-NC-ND 3.0 license.