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The first six months of the Trump administration have not been kind to the experts and the degree-holding classes.
Almost daily during the tariff hysterias of March, we were told by university economists and most of the PhDs employed in investment and finance that the U.S. was headed toward a downward, if not recessionary, spiral.
Most economists lectured that trade deficits did not really matter. Or they insisted that the cures to reduce them were worse than the $1.1 trillion deficit itself.
They reminded us that free, rather than fair, trade alone ensured prosperity.








US president Donald Trump has disrupted the nature of class politics. In a reversal of long-standing allegiances, working-class Americans – including many minorities – have shifted towards the MAGA right. Meanwhile, the well-educated, the corporate elites and the government-dependent have generally