Economists Say Trump’s Real World Success Could Have Disastrous Theoretical Ramifications

Economists have long predicted that Trump’s tariff and trade policies would cause an economic disaster. But in reality, it now seems Trump’s plans could lead to spectacular success. So economists are trying to learn from this experience and find out: What is this thing called reality, and why does it keep getting everything so terribly wrong?

To find the answers, the Daily Wire used the latest technology to actually shrink our crack team of investigative reporters until they were so small they could fit inside the worldview of an academic. We then injected them, one by one, into the minds of America’s top economists — except for reporter Spencer Lindquist, who seems to have dripped out somewhere, so watch your step as you’re walking around and if you hear a crunching noise, call a very small ambulance.

Our first interview was with Princeton economist Dr. Herkimer Fudd, who was awarded the 2017 Nobel Prize in Economics for the most creative use of the word “unexpectedly” in explaining why all his financial predictions turned out to be wrong. Dr. Fudd told one of our tiny reporters, “Economics is a science, and as with any science, we first formulate a theory, then test the theory against the facts, and if the facts disprove the theory, then we simply declare that anyone who disagrees with the theory is threatening to cause another Great Depression. In fact, in a little while it’ll be the centennial of the Great Depression, and Economics Departments across the nation will be celebrating a hundred years of not having to change our minds about anything.”

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Another economist interviewed by our microscopic reporters was Harvard Professor Theodolphus Querulous who won the Pulitzer Prize for a series of videos for the Wall Street Journal in which he simply shrieked the word “Tariffs” over and over in a high-pitched voice and then dissolved into a puddle of tears. Dr. Querulous explained, “Tariffs are an absolute disaster. Yes, they incentivize American manufacturing and open up new markets for American products, thus freeing us from the Chinese-dominated supply chain that was threatening to leave us defenseless against a rapidly growing Communist war machine, but they’re going to make it impossible for me to afford a new Mercedes and if I have to drive around Cambridge in some crappy Chevy like a shmuck, it will threaten to cause another Great Depression and I can’t afford the Zoloft either.”

We also spoke with Yale Economics Professor Dr. Claperton Drivel, who was recently awarded the Nemmers Prize in Economics for proving that a penny saved is not actually a penny earned but really just a worthless anachronistic coin that will probably sit forgotten in a jar with a lot of other pennies until your children have to figure out what to do with them after you die. Dr. Drivel told our micro-reporter, “Donald Trump is playing fast and loose with the international trading system, whereas we were playing a game called I’m an American Idiot So Please Punch Me Repeatedly in the Face Until a Few European Oligarchs Escape to Switzerland with their Fortunes and Everyone Else has to Learn to Speak Mandarin. Trump’s reckless approach could cause the entire world financial system to come crashing suddenly down around our ears, instead of slowly, slowly draining the nation of its life’s blood, which would at least give me time to cash out my portfolio and retire to Thailand where you can marry a 15-year-old and live like a king for $60,000 a year.”

To demonstrate that Trump’s real world successes could have disastrous theoretical ramifications, an international team of economists has come together to build a model demonstrating how a stack of billions of dollars in Tariff revenues could tip over, knocking a swinging boot into a bucket that would then release a marble down a zig-zagging staircase until it strikes a pole with a ball on top that will drop through a bathtub onto a seesaw, flipping a diver into a barrel that dislodges a cage balanced on another pole so that the cage shimmies down on top of a plastic mouse.

This doesn’t really prove anything, but at least it’ll keep the economists entertained while Trump saves the country.

* * *

This excerpt is taken from the opening satirical monologue of “The Andrew Klavan Show.”

Andrew Klavan is the host of “The Andrew Klavan Show” at The Daily Wire. Klavan is the bestselling author of numerous books, including the Cameron Winter Mystery series. The fourth installment, “A Woman Underground.” His most recent nonfiction release is “The Kingdom of Cain: Finding God in the Literature of Darkness.” (May 2025, Zondervan/HarperCollins). Follow him on X: @andrewklavan

The views expressed in this satirical article are those of the author and do not necessarily represent those of The Daily Wire.

Fewer Jobs Than Expected Added In July As Unemployment Holds Steady

Fewer jobs were added to the economy in July than expected as the unemployment rate remained largely unchanged, according to a report released Friday by the Bureau of Labor Statistics. 

The monthly jobs report found that 73,000 jobs were added to the American economy in July, lower than the 100,000 that the Dow Jones had projected. The health care and social assistance industries saw job growth while federal government employment continued to decline. 

The industries of mining, quarrying, oil and gas extraction, construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and finance all saw marginal changes, the report said. 

“Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.2 million, changed little in July. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024,” the Bureau of Labor Statistics found. 

The report also said that average hourly earnings for nonfarm payrolls increased by 0.3% in July. 

Major revisions were made to the job reports from May and June, with the July report noting that job growth had been overcounted by around 258,000. 

“Revisions for May and June were larger than normal,” the report said. “The change in total nonfarm payroll employment for May was revised down by 125,000, from +144,000 to +19,000, and the change for June was revised  down by 133,000, from +147,000 to +14,000.”

In a statement responding to the jobs report, Republican National Committee Communications Director Zach Parkinson pointed to lower gas prices and the stock market.

“The Trump economy is delivering real results for American workers and families,” Parkinson said. “Prices for gas and groceries are down, inflation has fallen, the economy has added half a million jobs since January, wage growth is at 4%, and the stock market just reached record highs.”

Shortly after the report was released, President Donald Trump again called for Federal Reserve Chair Jerome Powell to cut interest rates. 

“Too Little, Too Late. Jerome ‘Too Late’ Powell is a disaster,” Trump wrote on Truth Social on Friday. “DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!”

The jobs report comes on the heels of the news showing that real gross domestic product (GDP) grew at 3% in the second quarter and amid a flurry of new actions by Trump on tariffs. A wave of new tariffs is set to go into effect on August 7, even as negotiations with Mexico and China, two of America’s biggest trading partners, remain ongoing. 

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