The Return of Neoliberalism: The Economic Logic Behind Trump's Issue Coin

This week, Trump officially issued a coin and surged 400 times in a short period, attracting widespread attention and discussion. The author believes that this marks the official return of American neoliberalism, and Web3 will become the main battlefield for financial innovation in the new era.

Looking back at the history of economic thought in the United States, we can see the ongoing exploration of the relationship between government and the market:

1. Colonial period (1600-1776: Resistance against the economic exploitation of the mother country under mercantilism.
2. Early years of the founding of the country ) Late 18th century - Mid 19th century (: The conflict between agrarianism and industrialism
3. Expansion Period ) 19th Century - Early 20th Century (: Laissez-faire and Classical Economics
4. The Great Depression period ) 1929-1980: Keynesianism and large government intervention
5. Cold War Period ( 1970s-1980s ): Neoliberalism and Supply-Side Economics
6. After the subprime mortgage crisis ( From 2008 to present ): Quantitative easing and post-Keynesianism

Trump's issuance of coins this time sends a signal of hope that Web3 will become the core battlefield for a new round of financial innovation. There are several reasons for this:

1. Bypass the vested interest groups in traditional finance.
2. The decentralized characteristics of Web3 align with the principles of neoliberalism.
3. Maintain the pricing power of the US dollar and financial hegemony
4. Utilize the anti-censorship features of Web3 to enhance capital flow efficiency

Of course, this may also bring negative effects such as systemic financial risks and a widening gap between the rich and the poor. However, in the short term, financial innovations based on Web3 are worth noting. In the next two years, the financial innovations combining Web3 with traditional industries will be an important direction.