Derek Thompson (@derekthompson): "I’ve seen the White House, JD Vance, and MAGA econ folks make some version of the following argument: Liberal economists and commentators predicted that the Trump tariffs would create economic catastrophe. There is no economic catastrophe today. Thus, lib experts wrong agai…"

I’ve seen the White House, JD Vance, and MAGA econ folks make some version of the following argument:

Liberal economists and commentators predicted that the Trump tariffs would create economic catastrophe.
There is no economic catastrophe today.
Thus, lib experts wrong again.

Today’s post is an attempt to take that argument seriously … and also to take it apart.

The US Economy Was Supposed to Be in a Recession By Now. What Happened?

Jul 25

3:08 PM