The Art of Praise: Tariff Impact on Economics and Ethics

Recently, I published an essay titled The Certainty of Wealth Redistribution Amid Tariff Chaos, in which I argued that the true function of the current administration’s tariff policies was not economic revival, but the deliberate and predictable transfer of wealth from working households to the uppermost tier of financial elites.

Events of the past several days—culminating in imposition of a market-crashing tariff decree swiftly reversed for maximum opportunistic gain—have confirmed my worst fears. That some now praise this spectacle as “brilliant” only adds insult to economic injury.

In response, I offer the following satirical memo from a fictional Wharton Annex ethics professor—one Professor Basil P. Whisker, Chair of Ethical Opportunism at the Weasel School of Business. His observations regarding the situation and the logic he embodies—even though he is fictional—are uncomfortably real.


Professor Basil P. Whisker

On Ethics, Market Manipulation, and the Power of Praise

Buy the Dip, Praise the Dipper: A Wealth Transfer Playbook

By Professor Basil P. Whisker, PhD, MBA, CFA (Parole Honoré Distinction)
Chair of Ethical Opportunism, Weasel School of Business, Wharton Annex
Formerly of the Federal Correctional Institute for White Collar Refinement
“Our Honor Code is Flexible. Our Returns Are Not.”


Some in Congress have raised the unfashionable concern that the recent tariff saga looks suspiciously like market manipulation.

To which I reply: Of course it is.
But for whom?

Not the little people—they lack both the reflexes and the capital reserves. No, it is for the elite few trained in the disciplines of anticipation, flexibility, and pliable morality.

At the Weasel School of Business, we teach that ethics must be nonlinear and dynamic—responsive to the moment, like high-frequency trading algorithms or a presidential memory when questioned under oath. The recent 90-day tariff “pause” (following a dramatic market collapse) teaches students everywhere that sometimes the most profitable thing to do is to:

  1. Create a crisis
  2. Seize the resulting dip
  3. Declare victory through reversal
  4. Congratulate the disruptor for his “brilliance”
  5. Move on before the subpoenas arrive

The Art of the Non-Deal

When a policy announcement wipes trillions from the markets, only to be reversed days later with a triumphant “THIS IS A GREAT TIME TO BUY!!!” post, we must acknowledge we are witnessing not governance but performance art.

Like all great art, it asks difficult questions:

  • Is it market manipulation if you announce the manipulation in real time?
  • Can one declare “Liberation Day” and then liberate oneself from that declaration?
  • If financial whiplash creates billionaire gratitude, is it still whiplash—or merely strategic spine realignment?

Billionaires praising such tactics is not sycophancy—it is advanced portfolio management by other means.

As we say in Weasel Finance 101:
“Praise is just another form of leverage.”


Looking Ahead: A Curriculum of Chaos

We are entering a new phase of global commerce—what I call the Era of the Glorious Lurch. In this new age, tariffs are not policies but market mood regulators, deployed tactically to evoke loss, recovery, and eventual Stockholm syndrome-like gratitude.

My revised syllabus for the coming semester will include:

  • Advanced Self-Dealing (OPS-526)
  • Narrative Arbitrage: Writing History Before It Happens (OPS-618)
  • Strategic Sycophancy and Influence Leasing (co-listed with Communications)
  • Tariff Whiplash: Creating Wealth Through Vertigo (OPS-750)
  • When Textbooks Fail: The Art of the No-Deal Deal (Senior Seminar)

Applications are open. Scholarships available for those with prior SEC entanglements or experience declaring “everything’s beautiful” while markets burn.


A Word on Timing

Critics who suggest that one should wait until an actual deal is struck before declaring brilliance simply do not understand modern finance.

In today’s economy, praise is a futures contract—you are betting on the perception of success, not success itself.

When a policy costs the average American household thousands in higher prices and market losses, only to be partially reversed with no actual concessions gained, the correct reaction is not analysis but applause. After all, it takes real courage to back down without admitting it.


A Final Toast

To the president, I raise a glass of vintage tax shelter with notes of plausible deniability.

To the billionaires celebrating the “brilliant execution” of a retreat, I offer a velvet-lined echo chamber.

And to my students, past and future, I remind you:
If you cannot time the market, at least time your praise.

Because in today’s economy, there is no such thing as too soon, too blatant, or too obviously beneficial to the 0.01%.

So next time markets plunge on policy chaos, do not ask “who benefits?”
Instead ask, “am I positioned to be among those who do?”

Thank you. And as always—
buy low, tweet high, and declare victory before the facts catch up.

Historical Lessons on Government Efficiency from Otto von Pulpo

Sometimes, a little historical memory delivered with a healthy dose of satire is exactly what the moment calls for. I recently stumbled upon this memorandum—allegedly issued by Herr Obersekretär Otto von Pulpo, our resident officious German octopus—crafted as a sharp response to The Economist’s editorial, “Is Elon Musk remaking government or breaking it?” Unsatisfied with the notion that “some transgressions” might be acceptable if they bring about efficiency, I was inspired to share this fictional but incisive critique. Enjoy Otto’s take on why the path of destruction is never a shortcut to genuine reform, and join the conversation on how we should remember history in light of today’s political challenges.


Memorandum No. 843.3a-b(krill)
From the Desk of Herr Obersekretär Otto von Pulpo
Former Archivist, Department of Tentacular Oversight (Ret.), Abyssal Branch
Current Observer of Surface-Level Folly, Emeritus

To the editorial board of The Economist,
cc: The Directorate for Dangerous Euphemisms, Baltic Division

RE: Concerning Your Recent Enthusiasm for “Some Transgressions” in the Service of Government Efficiency

Esteemed humans,

It is with a firm grip and furrowed brow (of the metaphorical kind—our brows are subdermal) that I write to express my alarm, tinged as it is with a deep familiarity, at your recent editorial on the so-called Department of Government Efficiency (DOGE). Your noble publication—usually known for reasoned analysis and fondness for balanced budgets—has recently dabbled in the genre of historical amnesia.

You write, approvingly if not enthusiastically, that “some transgressions along the way might be worth it” in your editorial “Is Elon Musk remaking government or breaking it?” Permit me, as a creature of long memory and cold water, to remind you: some transgressions are never worth it. History is not made by heroic shortcuts. It is unraveled by them.

When I was a much younger cephalopod, gliding the brackish waters near Wilhelmshaven, I recall hearing the surface-world’s chatter about another figure who spoke boldly of waste and stagnation, who promised national renewal, who performed gestures that were first dismissed as eccentric, and who flirted with “creative destruction” until the destruction ceased to be metaphorical. He too was seen by many as a misunderstood innovator. Until it was too late.

Herr Musk, I understand, now punctuates state occasions with gestures uncannily similar to the Roman salute, and praises parties in your former occupation zone with a fondness that suggests more than economic theory. If these are the traits of a reformer, then perhaps I should consider joining the AfD myself—though I suspect I would not pass their purity tests, being both foreign and soft-bodied.

But it is not Herr Musk who most disturbs me. It is your newsmagazine, with your steady tone and Oxford commas, that murmurs, “Efficiency requires boldness,” and wonders aloud whether the destruction is merely a precursor to some unseen creation. You ask: “Who now remembers the Grace Commission?” And I reply: who now remembers the Enabling Act of 1933, passed under the same logic—that extraordinary conditions justify extralegal actions?

Beware the language of renovation when it requires dismantling the foundation. Beware the hagiography of disruptors who come not to build, but to erase. DOGE does not make government more efficient. It makes obedience more efficient.

If I may say so without rudeness, your editorial reads as if it were penned in a warm bath, insulated from the chill that such reasoning brings to those of us with memory. Down here, in the benthic gloom, we remember what it means when legislative bodies and courts are bypassed, when “wrongthink” is rooted out, when civil servants are mocked as obstacles to destiny.

Do not confuse boldness with wisdom. Do not mistake collapse for reform.

With respectful concern and eight meticulously inked signatures,

Otto von Pulpo
Obersekretär a.D.
Archivist, Rememberer, Cephalopod

P.S. Historical Note from the Abyss:

When tectonic plates shift, they do not ask for parliamentary approval. They simply move—and tsunamis follow. I have observed this firsthand from 4,000 meters below. The surfacelings always call it unprecedented, as if the sea forgets. We do not forget.

Herr von Pulpo’s earlier memoranda (Nos. 842.1–843.1) were dispatched in response to similar enthusiasms for charismatic technocrats in the late Weimar period. These were, at the time, unread by those who most needed to read them.

About the Author
Otto von Pulpo is a retired archivist, amateur historian, and former Vice-Chair of the Commission for Bivalve Misclassification. He resides in a gently collapsing wreck off the Heligoland shelf and writes occasionally on democracy, plankton, and the perils of charismatic overreach.

An Ice-Cold Response: Penguins of Heard Island React to Trumpian Tariff Madness

By Gentoo T. Adelie, Chief Diplomatic Penguin of Heard Island

Macaroni Penguin of Heard Island responding in disbelief to the news of the Trumpian Tariffs of 2025.

An Audio Recitation of “An Ice Cold Response” by Gentoo T. Adelie

It was a clear morning on Heard Island. A gentle drift of cloud played among the slopes of Big Ben, and the Southern Ocean moved against the gravel shores with its slow, eternal breath. Among patches of moss and lichen, our colonies bustled with seasonal purpose—territories reestablished, mates greeted, feathers fluffed against the autumn wind. The eastern rockhoppers had returned to their grassland burrows, the macaronis muttered among the coastal tussock, and the gentoos stood sentinel. Then word arrived—borne by a wandering albatross returning from northern skies.

The Trump administration had imposed tariffs upon us.

Tariffs. Upon penguins.

I summoned the colonies. The emperors listened in regal silence, their gold-ringed heads unmoved. The kings shuffled to attention along the icy moraine. The skuas perched nearby, and even the black-faced sheathbill—normally distracted by refuse—cocked a pale head toward the speaker’s mound.

Our indignation was tempered by confusion.

We are not exporters. We are not manufacturers. Ours is not a civilization of spreadsheets, but of rhythm and return. We recognize no currency but krill, no metric but the molt. We nest in the gullies and commune with the icy winds that polish our shores.

It is true that humans have declared sovereignty over us. Flags have been planted, letters exchanged, and acts of parliament signed in Canberra. Heard and McDonald Islands, they assert, are administered by the Australian Antarctic Division, whose bureaucrats maintain that our affairs fall under the jurisdiction of the Supreme Court of the Australian Capital Territory—though no court has ever convened upon our shores.

But let it be understood: though we permit their presence, we do not cede authority.

The king penguin does not bow to Hobart. The Heard Island shag files no petitions. And the sheathbill, should it ever stand before the High Court, will surely eat the brief.

So it was with bewilderment that we received news of the 10% tariff levied by the United States upon our territory. An island with no people, no ports, and no exports—accused of an imbalance in trade. A claim founded on mislabeled shipping data: specifically, six containers of semiconductor components manufactured in Taiwan but erroneously coded as “HRD”—Heard Island’s port code, rarely used but technically valid—instead of “HKG” for Hong Kong by an exhausted logistics clerk working the graveyard shift in Singapore.

Naturally, the memes began to circulate—relayed to us by kelp gulls who’ve developed a taste for human refuse and, consequently, smartphones washed ashore from passing vessels. These gulls, perched near research stations to pilfer Wi-Fi signals (and the occasional protein bar), have become our unwitting ambassadors to digital culture. Among their findings: images of penguins queuing at customs, passports in wing. Shags rebuffed at security checkpoints. A sheathbill with a placard reading “TAXATION WITHOUT MIGRATION.”

The images are amusing. Yet beneath the laughter lies a chill deeper than our glaciers.

The absurdity is not that tariffs have been imposed, but that the structures of power are so far removed from reality as to invent us as participants in their theatre. Our colony is not a market. Our rookery is not a trading floor. If humans mistake our ecological presence for economic threat, then it is their world, not ours, that is disordered.

Even the ecosystem watched with bemusement. The mosses clung silently to volcanic stone. The seals slumped across the glacial flats, unmoved. Life persisted as it always has.

We shall not respond in kind. We shall not embargo the sea. We have no ports to close, no envoys to recall. We shall simply continue—diving into the surf, tending our chicks, enduring the westerlies that lash our coast.

The mosses remember.
The sheathbill remembers.
The ice remembers, too.


Confidential Diplomatic Cable

From: Office of the Subantarctic Avian Council (Provisional), Heard Island and McDonald Islands
Domain: commonwealth.penguin.gov.hm
To: Bureau of Global Trade Anomalies, U.S. Department of Commerce
Date: April 8, 2025
Priority: Routine (given prevailing currents)


RE: ERRONEOUS APPLICATION OF TRADE TARIFFS TO UNRECOGNIZED BIOLOGICAL POLITY

To Whom It May Confound,

We write with a combination of courteous gravity and ice-bound disbelief upon learning that the Territory of Heard Island and McDonald Islands—comprising an uninhabited archipelago, 80% of which is glacier, and 100% of which is devoid of Walmart, Walgreens, or Whole Foods—has been subjected to a 10% tariff by your esteemed administration.

We presume this action arises from the alleged export of “machinery and electrical goods” originating from our domain. As no such items have been observed here since the disintegration of a scientific balloon payload in 1989, and as neither the king penguins nor the black-faced sheathbills have mastered voltage regulation, we suggest an administrative review.

Indeed, it now appears the source of this confusion lies in a series of clerical misassignments within international shipping records. Several bills of lading reportedly list the shipper’s address as “Vienna, Heard Island and McDonald Islands”—a charming bit of geopolitical fiction that, while expanding our sense of empire, sadly bears no relation to geographic or penguin reality.{1}

For clarity:

  • Our economy is non-monetized and chiefly fish-based.
  • Our primary industries include standing, molting, and collective thermoregulation.
  • Our manufacturing sector is limited to guano, occasionally artistic in form but unfit for commercial use.
  • The .hm domain, while charming, is not associated with logistical throughput. It is managed by a sooty albatross with a rusted antenna.
  • No residents, citizens, or consumers exist here in the human sense.

We therefore formally request the rescission of said tariff and the reclassification of Heard Island and McDonald Islands from “Emerging Trade Threat” to “Uninhabited Geopolitical Curiosity.” Alternatively, we are willing to accept foreign aid in the form of high-calorie fish paste, new tagging rings, or a fully functioning weather station.

For future reference, all customs declarations should be addressed to:
Gentoo T. Adelie, Chief Diplomatic Penguin
C/O The Hollow Behind the Third Basalt Outcrop
Atlas Cove, Heard Island
UTM Coordinates Available Upon Request (or clear skies)

We await your reply, though not urgently.

Warmest regards from the coldest coast,
Subantarctic Avian Council (Provisional)

P.S.
Seal No. 1: Be it known we do not seal mail with actual seals. The three elephant seals consulted regarding this matter expressed their disinterest through prolonged snoring, while the fur seals drafted a dissenting opinion consisting entirely of territorial barks. Their contribution to international diplomacy remains, much like this tariff situation, largely symbolic.


{1} The basis of error was uncovered and reported by multiple news sources, such as the following BBC article ‘Nowhere’s safe’: How an island of penguins ended up on Trump tariff list