Quotation of the Day…

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… is from economist Michael Strain’s April 3, 2025 Financial Times column – a column titled “Trump’s tariffs are an economic emergency for Americans”:

The political reality that Americans will aggressively rebel against a president who intentionally jacks up consumer prices and increases unemployment could be the instrument of economic salvation. If Trump cares about Republican success in 2026 and 2028, then he will reverse course before too much economic damage is done. When the dust settles, “liberation day” may end up liberating Americans from the mercantilist fantasies of a deluded president.