Paul Krugman (Substack)

In short, there’s now an incredible amount of uncertainty about U.S. policies, policies that have a huge impact on both individual Americans and U.S. business. And this isn’t uncertainty about what will happen over the next few years, it’s acute uncertainty about what will happen in the next few weeks and months.

Where is this uncertainty coming from? That’s easy: The U.S. government is currently under the control of a deeply ignorant, vengeful megalomaniac with zero impulse control. And it’s not just Elon Musk: Trump shares the same characteristics.

If you don’t believe me about the ignorance, look at the way Trump is hyping the possibilities of U.S. investment in Russia. Even if there weren’t issues involved with doing business in a country where people who displease the dictator have a tendency to fall out of windows, does Trump realize that the European Union, which he is insulting and threatening with trade war, has 9 times Russia’s GDP? Which business relationship is more worth cultivating?