QOTD -- "The Moose That Roared"

 

"... The point is not that Canada has “escalation dominance” — the ability to retaliate to every U.S. action with an even more damaging counterreaction — in a trade conflict with the United States. Rather, the point is that an all-out trade war would create a lot of pain in the U.S. in addition to inflicting severe damage to the Canadian economy. And all indications are that the Canadians will be much more willing to bear the pain of a trade war than Americans will – especially given that the great majority of Americans are already dissatisfied with Trump’s economic management.  [snip]

"The bottom line is that Trump is going to lose his trade war with Canada as thoroughly as he has lost his shooting war with Iran. But because he won’t face reality, trade with our northern neighbor will probably be disrupted until the narcissistic bully in the White House no longer controls trade policy..." -- Nobel laureate in economics Paul Krugman, writing in his Substack about "The Moose That Roared."  A good read and a good explainer on the unstable, deeply disturbed Malignant Fascist using "dominance display" as trade policy (as he does with all of his interactions) in his illegal, deeply deranged tariff war with our good neighbor and longtime ally Canada.   Krugman points out that among the "cards" Canada can play involve the millions of barrels of oil a day we get from them, the electric power they sell us, the auto parts they manufacture, as well as the aluminum and steel they produce.  But, hey, destroying a friendship and an economy to placate the MF's delicate ego and pea-sized brain makes it all worthwhile!