The Meb Faber Show · Friday, August 14, 2026
Luke Gromen highlights Vice President JD Vance's reference to the "stupid Washington consensus," which describes the financialization and offshoring of the US economy. Vance's comments in early 2025 are seen as an early indicator of a push towards reshoring by the Trump administration.
“The stupid Washington consensus is what JD Vance, Vice President JD Vance, referred to the financializing of the US economy after the fall of the Berlin Wall.”
“And Vance had made multiple comments around this front in 2023 as a senator. He goes as far as says, I think the dollar's reserve status is no longer a positive for the United States. It's now a negative for the United States. We've hollowed out our manufacturing base. Another nod towards Hamiltonian economics.”