Remarks · Administration
Miran at Hudson: five ways allies can pull their weight.
The CEA Chair lays out the burden-sharing menu: tariff acceptance, market opening, defense procurement, factory investment, or direct contributions. Allies pick.
If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share. The costs cannot be solely borne by everyday Americans who have already given so much.
Miran's Hudson speech is the closest the administration has come to a formal theory of allied capital obligations. The five-item menu, tariffs, market opening, defense procurement, factory investment, and direct Treasury contributions, turns the alliance bargain into a set of priced choices that operators and host governments can model.
The intellectual scaffolding for Pax Silica and Trade Over Aid sits in this speech. Reserve-currency provision and security-umbrella provision are reframed as services with conditions, and allied investment in American manufacturing becomes the preferred escape valve from tariffs. The doctrine's allied-terrain construction is what happens when capital takes the menu seriously.