Big Government Is Back — The Shift to Fiscal and Fragmented Economies｜2025/5/7

Just past noon, May 7, 2025.What is the true intention behind President Trump’s recent remarks on tariffs, interest rate cuts, and tax reductions?Monetary policy-driven economic growth has reached its limits. The rate cut card no longer functions.As inflation rises and time regains its value, interest rates are once again restoring order to the economy.The era of central bank-led growth is fading, and a new growth model driven by fiscal expansion is emerging—led by the state.But letting those fiscal dollars leak abroad is not an option.President Trump appears to aim for a structure in which the dollar circulates only within the United States,protected by high tariffs and a reformed block economy.In this model, AI retools old-economy industries like energy, agriculture, and infrastructure,and each fragmented, decentralized economic zone builds self-sufficient systems of production and defense.This marks the arrival of a new form of state capitalism, tailored for a divided, post-globalized world.＿＿＿Free Weekly NewsletterSign up here：（⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://subscribepage.io/ni225op⁠⁠⁠⁠⁠⁠⁠⁠⁠）