Subject: Krugman Nails It (yet again)
Like many observers, I expected severe buyers’ regret fairly early in the second Trump administration. After all, many Americans who voted for Trump did so because they believed he would bring down grocery prices. He was never going to be able to deliver on that promise and stopped talking about the subject as soon as the election was over; sooner or later, voters were going to notice.
I did not, however, expect a MAGA civil war weeks before Trump had even taken office. But in retrospect I should have seen it coming.
Background: Every political movement is a coalition made up of factions with different goals and priorities. Normally what holds these factions together is realism and a willingness to compromise: Each faction is willing to give the other factions part of what they want in return for part of what it wants.
What’s different about MAGA is that I’m pretty sure that almost all of the movement’s activists (as opposed to the low-information voters who put Trump over the top) knew that he was a con man, without even concepts of a plan to reduce prices. But each faction believed that he was their con man, putting something over on everyone else.
https://open.substack.com/pub/...