Ask Lemmygrad

A lot of people are suggesting it's just a cynical pump and dump scheme, and while there may be some partial truth to that (insider trading is happening, of course, they wouldn't let an opportunity to make money go to waste), i think we shouldn't underestimate how arrogant, stupid and ideologically convinced of the US's invincibility Trump and certain people around him are. I think a big part of them really did think that a) the mere threat of tariffs would get any country to bend the knee and give the US everything it wants, and b) that they really would bring manufacturing back.

I mean listen to how some of these people talk about economics when they give interviews, and i don't mean Trump and his semi-illiterate ramblings, i mean people who are supposed to be his "economic advisors". They really are that delusional and that sold on the whole American exceptionalism thing and on "the markets will just magically make it happen if we give them an incentive" neoliberal dogma. They don't understand how the economy or international trade actually works, and so of course they would draft and push utterly nonsensical policies which then catastrophically backfire.