Posted by Alumni from Substack
August 11, 2026
About what, you ask' That's a necessary question! There's so much worth fretting about, including the 57-or-so reckless and unwise things the Trump administration and the president himself are doing at any given moment. But this latest bout of anxiety isn't directly tied to what's going on in the Trump White House, though that is making an important contribution to what has me so concerned. What really has me worried is that Joe Biden's presidency hit the rocks, making it very difficult for Kamala Harris to win in 2024, in large part because of the inflation (and interest rate) surge of 2022. Donald Trump followed his political instincts in putting concerns about the cost of living near the center of his pitch for another term as president, and it worked. But over the past year and a half, his administration has pursued policies (from massive and chaotically imposed tariffs, to the Iran War and a resulting spike in energy costs, to AI accelerationism, to runaway spending and tax... learn more