Gide, humans. Welcome to a live video substack.

Giving some of my thoughts about the election yesterday, I'm in Cambridge, England, which is a delight on a cloudy, gloomy day,

perhaps reflecting some of my feelings today. The first thing to say is congratulations to Donald Trump and to everyone

who supported him and you now have the ball in your court, folks. It's your job to now convince

the rest of us that we were being hysterical ninnies in thinking that this might be a disastrous

four years and to prove to us that he will be a competent

and caring and unifying figure who will in fact reduce

the things that you want him to reduce,

like, I don't know,

wokeness and the craziness of the left,

the woke mind virus, inflation, militarism,

and that he won't jeopardize American democracy. The second thing I

would say is it's going to be okay. It's probably going to be okay. I can't say for certain

it'll be okay, but I tend to concur with what The Economist magazine said in their last editorial about

this, which was the reason for opposing Donald Trump is not necessarily because he will

be a catastrophe, but because the tail risk, in other words, the worst case scenario is so much

worse in the case of his administration than a Harris

administration would have been. So let's just hope that the tail risk doesn't come true.

One of the things that the economist said was, okay, so suppose that he is serious about tariffs

and he imposes radical tariffs and that this this then contributes to inflation

because producers pass along those prices to consumers and then in order to curb

inflation the Federal Reserve raises interest rates but he doesn't like that so suppose that he installs a new person into the Federal Reserve.

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