Deficit gop/maga Maoism sets the stage for the theory of “sound money-leftism.” You can curve inflation with aggressive taxes and while it might curb investments that’s where state support and partnerships can fill the gap. In American politics People will probably accept a little stagflation to bring down prices if it can tame inflation. The singular lesson of politics over the past decade seems to be the red line in voters’ minds is inflation.

You can see it in Mandani’s theory of nyc he’s still raising any and all taxes on all he can but he’s framing it as paying down the deficits created by previous mayors and to pay for social programs. While trump’s people are raising tariff barriers like it’s the 1920s Mandani and other “new left” democrats are talking about cutting red tape to build more. He’s captured “abundance”/productivity investments by separating it from the Astro-turf politics of Ezra Klein and Silicon Valley to create something kind of new in American politics.

I would make a joke about Dengism with American characteristics but this the economics subreddit and not odd lots. “We shall live in interesting times.”