A Unified Economic Theory of Being a Bully
The idea is to advance US interests by merging policies on trade, international finance and national security – at the expense of friends and adversaries alike.
The Trump world order could be a disaster in the making.
Photographer: Yaorusheng/Moment RFDoes President Donald Trump have a master plan for a new world order? On the face of it, he goes mainly by instinct and doesn’t seem like much of a planner. On the other hand, he’s just won a second term in the White House — that takes planning — and he arrived with a bold and wide-ranging agenda. If he has an encompassing geopolitical ambition, it would be prudent to take it seriously.
Required reading on this is an essay by Stephen Miran, a credentialled economist, asset manager and fellow of the Manhattan Institute, whom the president has nominated to chair the Council of Economic Advisers. In “A User’s Guide to Restructuring the Global Trading System,” Miran considers the options for “generational change in the international trade and financial systems.”