Hi, Claire, Thanks for reminding everyone of the number of panics and recessions during the Gilded Age. I wonder why folks talking about how great the 1890s were manage to forget the U.S. also had essentially open borders and massive immigration. I believe it was that, and not tariffs, that contributed the most to prosperity. Also add Ulysses S. Grant to your list of people who lost everything to scammers in the late 19th century. He was conned by Artemus Ward, his partner in a Wall Street firm. Grant woke up one morning worth nothing. He was able to pay off his debts and leave something for his family by writing his memoirs, finishing the book while wracked with pain from terminal cancer.
I am not sure it's going to go down quite like this. Tariffs will hit some of his voters hardest, and a lot of them are about to find out where the federal government's outflow is actually crucial to their lives. But there's also going to be a sharp contraction in our social world(s) as a result. Trump and Musk are basically imposing something like a wartime footing on everybody for no fucking reason whatsoever, though they do seem to be hunting around for a war to match it.
Hi, Claire, Thanks for reminding everyone of the number of panics and recessions during the Gilded Age. I wonder why folks talking about how great the 1890s were manage to forget the U.S. also had essentially open borders and massive immigration. I believe it was that, and not tariffs, that contributed the most to prosperity. Also add Ulysses S. Grant to your list of people who lost everything to scammers in the late 19th century. He was conned by Artemus Ward, his partner in a Wall Street firm. Grant woke up one morning worth nothing. He was able to pay off his debts and leave something for his family by writing his memoirs, finishing the book while wracked with pain from terminal cancer.
I am not sure it's going to go down quite like this. Tariffs will hit some of his voters hardest, and a lot of them are about to find out where the federal government's outflow is actually crucial to their lives. But there's also going to be a sharp contraction in our social world(s) as a result. Trump and Musk are basically imposing something like a wartime footing on everybody for no fucking reason whatsoever, though they do seem to be hunting around for a war to match it.