With the Trump administration imposing “insane” tariffs on the rest of the world, many commentators are worried about the problem of “sane-washing”: imputing cogent rationales to policies that have none. Such naive punditry, they argue, distracts from the grift that is unfolding before our eyes. The Trump family’s moves into the crypto sphere – where its meme coins serve as an open invitation for bribes – certainly support this interpretation. But is this the only conclusion to draw, or could something else be going on?Consider an alternative explanation.
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