・Behind Trump's radical figure, he has strategic calculation and warmth as a human being, and he is a practical personality that values courtesy. Behind his harsh words, actions, and sharp words, there is an aspect where he has deep loyalty and respect for people he can trust, and values individual bonds. The friendship with Mr. Abe is probably the most iconic one (p25)
・In America, in 1967, the average household's annual income was 12% higher than that of the middle class, but the difference widened to 42% in 2023, which is not only a problem of the spread of poverty, but also creates a sense of social alienation where “you cannot become rich even if you make an effort” (p41)
・Milan, which designed the economic policy under the Trump administration, attracted attention by developing the provocative thesis that “it is a curse that the United States is the world's key currency country,” and viewed the phenomenon that “excessive capital inflow into the United States is leading to domestic industrial hollowing out” caused by being a key currency as a problem (p50)
・Trump's economic philosophy shows a paradigm based on the practical ethics of “rebuilding the national economy” and “national security,” which is different from the conventional “conservative-liberal” axis (p53)
・Tariffs are no longer “exceptional economic intervention,” but are most defined as an everyday national function that “institutionalizes the point of contact between economy and morality.” At the root of the tariff policy launched by the Trump administration, there is such a view of tariffs as a “re-institutionalization of justice” (p67)
・ As of 2022/12, hedge funds have borrowed 553 billion dollars in report transactions using US bonds as collateral, and this is supported by 9.9 billion dollars of equity capital, that is, they are effectively leveraged 56 times (p104)
・Tariff policies used results that were inconsistent with the original purpose of employment protection in the manufacturing industry, and rather had multiple negative effects on employment, such as deterioration in cost structures, decline in demand, strengthening corporate risk aversion attitudes, and personnel reductions due to automation (p113)
・The Trump administration's failure is not limited to economic policy; what is more serious is that it is not consistent with security policy. Trump has justified tariff policies in the context of “national security,” but in reality, it has deepened friction with allies, led to external isolation, and weakened America's own strategic position (p125)
・In order to revise the status agreement between Japan and the United States, drastic reforms to the Japanese criminal justice system itself are essential, that is, “development of a judicial system based on international standards” such as 1) a long-term detention system, 2) mandatory recording of interrogations, and 3) the principle of the presence of defense lawyers is a prerequisite (p163)
