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    Home»Economy»“Be careful what you wish for, you might get it!”
    Economy

    “Be careful what you wish for, you might get it!”

    Press RoomBy Press RoomJanuary 20, 2025No Comments4 Mins Read
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    I said that to Ezra Klein about the current rightward vibes shift.  What are some of the scenarios I had in mind?:

    1. If the Republicans regulate social media companies to discriminate less against “the Right,” hose regulations may someday be used against them.

    2. Personal presidential issuance of crypto assets is not always (ever?) a good thing or lead to the right incentives.  In the meantime, it might serve as a daily referendum on how much of a lame duck presidency we are having, a mixed blessing.

    3. The conspiracy theorizing promoted by Trump and various minions could someday come back to bite them, or to sink Vance, or…I guess we will see.  Don’t think you can keep this genie in the bottle, or use it only for preferred ends.

    4. DOGE successes might centralize power in the executive branch in a manner that the Republicans later regret.  That centralization can be more easily be used to expand government regulatory power than to contract it.

    5. If there is a pandemic under Trump’s term, the cultivated anti-vaccine sentiment could make it much worse.

    6. Rhetoric on taxes and central bank independence could (further) raise real interest rates, damaging the economy and also Republican electoral prospects.

    7. The dwindling of various “safeguards” on rhetoric, as the Woke are dismantled, could end up harming later Republican or right-leaning targets of harmful rhetoric, including from other right-wingers.  Some of you may feel this is absurd, but just wait.

    8. I don’t think we really know what it would mean (will mean?) to put feminization seriously in reverse.  I would note I see myself as a significant beneficiary of our more feminized society.  I am pleased if more women decide to become “trad wives,” but it is not the circle I will hang around in either.  This one really needs much further thought from its advocates, it is not enough to be fed up with the recent excesses.  A lot of the people who claim to want more “trad wives” actually want more super talented women who can do that and be very successful in a career at the same time.  I am all for that, but I also recognize when I am asking for a free lunch of sorts.  I am not sure how elastic the supply is there.  Nor am I sure how much such a change might boost birth rates — Iran anybody?

    9. To the extent Trump succeeds, American politics will become all the more personality-driven.  I see that as a mixed blessing, most likely more negative than positive in the longer run.

    10. If Trump does something good for a foreign country you like or favor, he may ask for his pound of flesh in return.

    Those are only a few options, the list is really pretty long.  I am not panicked about the status quo, but I see it as fraught and unstable.  And we haven’t even touched upon AGI advances.

    More generally, I would stress that even the most optimistic person should not relinquish his or her sense of the tragic.  A lot of Democrats were pretty ecstatic when Obama won a second term, but how happy are they now?  Is that just them, or could it be you too?

    I’ll say it again — be careful what you wish for, you might get it.  The celebratory perspective can be important for getting things done, or for maintaining ideological coherence, but accuracy matters too, and the more accurate perspective should take all this into account.

    The post “Be careful what you wish for, you might get it!” appeared first on Marginal REVOLUTION.



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