KISS of Death

The author argues that Trump's administration is financing its America First policies with debt and money printing, and that Trump will push the Fed toward easing by causing or signaling a recession. The author says Scott Bessent (Treasury) and Jerome Powell (Fed) serve different masters, which complicates coordination, and that the Fed has historically cut rates and printed money whenever a recession or its risk emerges. The author also argues that cutting government spending through DOGE, run by Elon Musk, could slow the economy, though the author says they do not know whether DOGE's fraud claims are accurate.