Craig Shapiro, a macro strategist at The Bear Traps Report, says that President Donald Trump’s approach to inflation management is not that unlike “running a protection racket,” one that is built on coercion and intimidation, rather than the use of monetary tools.
What Happened: “Trump isn't fighting inflation with traditional tools,” Shapiro said on Monday, in a post on X, adding that “He's managing it like a boss running a protection racket.”
