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The Meb Faber Show · Friday, August 14, 2026

Winners and Losers in the Shift from Neoliberalism to Hamiltonian Economics

Luke Gromen suggests that under the new Hamiltonian economic regime, the US industrial base, middle and working class nominal wages, inflation, and gold are likely to be the winners. Conversely, the previous neoliberal era benefited Washington and Wall Street at the expense of the broader American populace.

The tape

2 quotes
And neoliberal economics were the winners of the last regime, the US industrial base, US middle and working class nominal wages, inflation, gold. Those should be the winners in this new system, right?
Luke Gromen
Free trade and anti-Hamiltonian policies are very good for Washington, and they're very good for Wall Street, and they're very bad for America. And particularly the middle and working classes and the US industrial base.
Luke Gromen
Heard on The Meb Faber Show — “Luke Gromen: The Bull Market That Loses You Money | #645, published Friday, August 14, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.06