They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get their reset in a belief they can make it less like the Smoot-Hawley great depression because so many other economic levers exist now, including floating currency, MMT, and massive fintech.
Personally I think it's a mistake but hot takes "they have no idea what's coming" are I believe naive. They know. They just don't care. Some amount of foreign trade will absorb the cost. Not all, not most. Not all prices in the US will rise and some substitution will happen although spinning up cheap labor factories again isn't going to happen in 2025. Maybe by 2027? Rust belt sewing shops and Walmart grade cheap goods production lines?
What amazes me is the timing: the midterms will hit while the bottom is still chugging along. I would think it unlikely they can secure an updraft from this to keep the house. What's the plan for that?
I believe that's an unrealistic vision, not least since America's debt means it cannot afford significant shrinkage of its global market or a loss of its status as reserve currency, but I believe autarkie is the goal none the less.
Over the centuries we’ve lost and gained a lot of standalone skills. Most people throughout history would scoff at my poor horse-riding, sword fighting or my inability to navigate by the stars.
My logic, reasoning and oratory abilities on the other hand, as well as my understanding of fundamental mechanics and engineering principles would probably hold up quite well (language barrier notwithstanding) back in ancient Greece or in 18th century France.
I believe AI is fine to use for standalone skills in programming. Writing isolated bits of logic, e.g. a getRandomHexColor() function in JavaScript or a query in an SQL dialect you’re not deeply familiar with is a great help and timesaver.
On the other hand, handing over the fundamental architecture of your project to an AI will erode your foundational problem solving and software design abilities.
Fortunately, AI is quite good at the former, but still far from being able to do the latter. So, to me at least, AI based code editors are helpful without the risk of long term skill degradation.
>Using base-select loses a number of features and behaviors:
> The <select> doesn't render outside the browser pane.
> It doesn't trigger built-in mobile operating system components.
I have mixed feelings about it. Mobile users, get ready for poorly optimized select elements. On the other hand it reduces the need for javascript for styling forms, which is good
Now, do autocompletes and tag selectors next...
Regardless of the existence of Manufacturing.
Tax your rich fairly and you will see major shift.
The same goes for fashion. I have a picture of my mom and her friends where everyone looks like a miniature version of Madonna. Today, fashion seems far more individualistic.
Streaming has given us a vast spectrum of media to consume, and we now form tiny niche communities rather than all watching Jurassic Park together. There are still exceptions like Game of Thrones, The Avengers, or Squid Game, but they are less common.
One of my friends is into obscure K-pop culture that has virtually zero representation in our domestic media. Another is deeply interested in the military history of ancient Greece—good luck finding material on that when there were only two TV channels.
Maybe deviance hasn't disappeared—maybe it's just shifted elsewhere…?