I think that heavily depends on how insane his replacement Fed Governors are, and I expect they're gonna be really damn insane. If guys approximately as sensible as 'Big Balls' and Hegseth are in charge of the Fed, things will get really fucking bad really quickly.
That’s Federal Reserve Governor Larry “Cocaine” Kudlow to you, buster!
No, I think that 2nd comment is right. There's a sort of development from TACO into basically a kind of implicit gentleman's agreement (or whispered conspiracy) not to do any crisis-constituting acts because everyone has too much to lose. Everyone will go on pretending it's fine as long as possible
It took less than a year for inflation to skyrocket in Turkey after a similar central bank takeover by a similarly economically challenged despot.
Erdogan survived this because of the greatest TACO of all time and the fact that he had already purged the military and consolidated an authoritarian regime. Trump has not consolidated much at all yet.
Yeah they have a history of coups and an actual deep state that would step in.. and they even tried after he had consolidated a lot! Lived there in 2010 for a bit and yeah a lot of the western oriented secular ppl I knew did not see that going full on like it has, feels familiar
The day of the military coup has passed
The hat fetish is a nice homage to the old ways, though.
eh, this is too far. they will still always be the guys with the guns
I'd eagerly read a recent quantitative analysis of military coup activity over time. But nearly every book & article I read about democratic backsliding begins from the premise that military takeovers are not the vector of threat to democracy these days
I mean...the current Pentagon brass are mostly all pretty new to their jobs...
There’s what 2 members of the JCoS left?
It's not the top brass who he needs obeying orders to shoot protesters in the streets.
I'm not sure there's any degree of autocratic consolidation that guarantees that
And he's gonna damn well need it if he causes massive inflation by successfully breaking the independence of the Fed and printing a fuckton of money. Maduro only held on because the army *was* willing to commit atrocities against Venezuelan civilians for him.
Twenty years of Bolivarian revolution materially remaking the country will do that
And Trump, conversely, has relatively little time indeed before he manages to finally finagle a nasty recession, at the rate things are progressing.
He however has had a decade of shaping American Politics to his will even after the coup and counter coup (laudatory) after Jan 6.