Charlie Stross on Nostr: TLDR: Musk/Trump are badly damaging the US economy, GDP growth of -2.8% in the first ...
TLDR: Musk/Trump are badly damaging the US economy, GDP growth of -2.8% in the first quarter adds up to -11.5% if continued for a year, which is *huge*. (I lived through that in the UK in 1979-80, during Thatcher's first year. It was savage, and took a decade to get over—even thought she changed course after 18 months of monetarist disaster policies.)
https://mastodon.social/@augieray/114100865221729299Published at
2025-03-04 12:00:47Event JSON
{
"id": "71270915717c00184fc98567b11e00ef1bb83e1fe851d3615ff4654a700f379c",
"pubkey": "27712568050f479dd1204aa1126ca6b1917b59ee54b1a8f51f84fea4ec9785e7",
"created_at": 1741089647,
"kind": 1,
"tags": [
[
"proxy",
"https://wandering.shop/users/cstross/statuses/114104051167197836",
"activitypub"
]
],
"content": "TLDR: Musk/Trump are badly damaging the US economy, GDP growth of -2.8% in the first quarter adds up to -11.5% if continued for a year, which is *huge*. (I lived through that in the UK in 1979-80, during Thatcher's first year. It was savage, and took a decade to get over—even thought she changed course after 18 months of monetarist disaster policies.)\nhttps://mastodon.social/@augieray/114100865221729299",
"sig": "bf45eab0d198d92fe45baa4710d992c373fe7f3a02cb73d1d24e7722df1180d18e6bbe026ead5da9ff54f9a808fe046a19fce78efe4f7c94868c1d61aed89592"
}