Right now, there are two important policy changes that have come out in 2025. The first is DOGE aimed at eliminating waste, fraud and abuse in the government. The second is tariffs aimed at making global trade more fair

Which matters more?

The chart today looks at each in terms of their size relative to the GDP of the US. The scales are different to

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TODAY'S ODD LOTS NEWSLETTER: A guest essay from Viktor Shvets on what the new international order is going to look like. Read the entire thing here: https://t.co/TLoVFe9uTZ https://t.co/vwRhBgUmHi