What Trump Is Doing to the Dollar

The article discusses the alarming economic predictions surrounding a possible recession during Trump's administration, with analysts estimating a higher chance than previously believed. While recessions cause significant economic damage, the author argues that the more profound threat lies in the chaotic policy-making and disregard for traditional governance that could undermine U.S. financial supremacy. The long-term implications of decreased investor trust could be worse than the recession itself, jeopardizing the U.S. dollar's status as the world's reserve currency.

"Recessions are miserable, in terms of businesses destroyed, start-ups abandoned, lifetime earnings depressed, and lives lost. Yet a downturn might be the least of the damage done by the second Trump administration."

"The White House's confused policy aims and inane policy processes—as well as its disregard for the rule of law and common sense—are leading investors to dump American assets."

Read at The Atlantic