Trumps Bold Vision for America: Higher Prices!
Donald Trump has made inflation a central part of his campaign message. At his rallies, he rails against \u201cthe Biden inflation tax\u201d and \u201ccrooked Joe\u2019s inflation nightmare,\u201d and promises that in a second Trump term, \u201cinflation will be in full retreat.\u201d\n\nBut if you look at Trump\u2019s actual policies, that wouldn\u2019t be the case at all. Trump has a bold, ambitious agenda to make prices much, much higher. He\u2019s proposing a 10 percent tariff on imported goods, and a 60 percent tariff on products from China. He wants to deport huge numbers of immigrants. And he\u2019s made it clear that he\u2019d like to replace the Federal Reserve chair with someone more willing to take orders from him. It\u2019s almost unimaginable to me that you would run on this agenda at a time when Americans are so mad about high prices. But I don\u2019t think people really know that\u2019s what Trump is vowing to do.\n\nSo to drill into the weeds of Trump\u2019s plans, I decided to call up an old friend. Matt Yglesias is a Bloomberg Opinion columnist and the author of the Slow Boring newsletter, where he\u2019s been writing a lot about Trump\u2019s proposals. We also used to host a policy podcast together, \u201cThe Weeds.\u201d\n\nIn this conversation, we discuss what would happen to the economy, especially in terms of inflation, if Trump actually did what he says he wants to do; what we can learn from how Trump managed the economy in his first term; and why more people aren\u2019t sounding the alarm.\n\nMentioned:\n\n\u201cTrump\u2019s new economic plan is terrible\u201d by Matthew Yglesias\n\n\u201cNever mind: Wall Street titans shake off qualms and embrace Trump\u201d by Sam Sutton\n\n\u201cHow Far Trump Would Go\u201d by Eric Cortellessa\n\nBook Recommendations:\n\nTake Back the Game by Linda Flanagan\n\n1177 B.C. by Eric H. Cline\n\nThe Rise of the G.I. Army, 1940-1941 by Paul Dickson\n\nThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.\n\nYou can find transcripts (posted midday) and more episodes of \u201cThe Ezra Klein Show\u201d at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.\n\nThis episode of \u201cThe Ezra Klein Show\u201d was produced by Rollin Hu. Fact-checking by Kate Sinclair and Mary Marge Locker. Mixing by Isaac Jones, with Aman Sahota. Our senior editor is Claire Gordon. The show\u2019s production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero, Adam Posen and Michael Strain.