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Trump's Tariffs Could Ignite Inflation, Experts Warn

9/26/2025

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Summary

Story summary

Economists warn Trump's new tariffs could trigger severe inflation and stagflation, echoing the late 1970s.
Timothy Noah argues shadow banking, especially private equity, poses a significant economic risk independent of Trump's policies.
Shadow banks lack regulation and transparency, contributing to financial crises.
Critics say private equity harms hospitals by prioritizing profit over quality and raises housing costs via short-term rentals.

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Story summary

Economists warn Trump's new tariffs could trigger severe inflation and stagflation, echoing the late 1970s.
Timothy Noah argues shadow banking, especially private equity, poses a significant economic risk independent of Trump's policies.
Shadow banks lack regulation and transparency, contributing to financial crises.
Critics say private equity harms hospitals by prioritizing profit over quality and raises housing costs via short-term rentals.