
The Unacceptable Threshold of Economic Illogicality
As a theoretical physicist with a keen interest in the observable universe (and a begrudging tolerance for economics) I felt compelled to address a matter of grave intellectual importance. It has come to my attention that one Stanley Druckenmiller a financial entity of some repute has expressed concerns regarding tariffs exceeding 10%. Ten percent you see is a nice round number. Aesthetically pleasing. Anything beyond that smacks of irrational exuberance not unlike Leonard's enthusiasm for comic books or Howard's… well existence.
Druckenmiller's Pronouncements: A Glimmer of Sanity?
Druckenmiller in what can only be described as a fleeting moment of lucidity stated that tariffs broadly speaking are “simply a consumption tax that foreigners pay for some of it.” While his grasp of the nuances of supply side economics may not rival my own (I once theorized an entirely new economic model based on the principles of string theory but that's a story for another time preferably one where you've signed a non disclosure agreement) he does exhibit a modicum of understanding. His recent post on X a platform I find bafflingly devoid of intellectual stimulation reinforces this sentiment. Apparently he does not support tariffs exceeding 10%. A position I Sheldon Cooper Ph.D. find… acceptable.
Trump's Tariff Tango: A Catastrophe in the Making
Now let us address the elephant in the room or as I prefer to call it the 'large gray pachyderm of economic disaster': Donald Trump's sweeping tariff plan. Rates as high as 50%? Preposterous! It's like suggesting that the Flash could outrun a tachyon. Scientifically improbable and frankly quite upsetting. The man clearly hasn't grasped the fundamental principles of supply and demand or perhaps he's simply unaware of the existence of such principles. Either way the consequences are likely to be catastrophic. Although perhaps not as catastrophic as Penny trying to explain the plot of 'Game of Thrones' to me.
Market Mayhem: The Covid 19 Recession Redux?
Predictably the markets have responded with the kind of panicked volatility one typically associates with Leonard's attempts to parallel park. Losses not seen since the Covid 19 pandemic you say? Well I for one am shocked and appalled. Shocked because I thought humanity had learned its lesson. Appalled because clearly we haven't. The sheer audacity of ignoring basic economic principles is enough to make a theoretical physicist reach for his calming tea and contemplate the multiverse theory – perhaps there's a universe where sensible economic policies prevail.
Hassett's Hubris: A Dangerous Delusion
And then we have Kevin Hassett claiming that the tariffs won't have a "big effect on the consumer in the U.S." Oh really Mr. Hassett? I'm sure the consumers will be thrilled to learn that their increased expenses are merely a figment of their collective imagination. It's the kind of statement that makes me question the very fabric of reality much like when Amy tries to convince me that 'fun with flags' is anything other than a solitary pursuit.
Concluding Remarks: Embrace Rationality Or Else
In conclusion while I may not always agree with Mr. Druckenmiller on matters of financial strategy (I still maintain that investing in a hyper efficient time machine is a sound long term plan) I commend him for his stance on tariffs. Exceeding 10% is simply…uncivilized. It is a concept that does not adhere to the Cooper Hofstadter Approximation. And as we all know *that's* the only approximation that truly matters. Bazinga!
Javierwillis
Bazinga indeed!