The Indicator from Planet Money
The Indicator from Planet Money

Trump’s new Truth Social plan: pay me $100K

July 30, 2026

AI Summary

5 min read

Truth Social, the social media platform majority-owned by President Donald Trump, is planning to sell early access to his posts. Starting August 1, subscribers could pay up to $100,000 to see top posts "milliseconds before they hit the website." In the world of high-frequency trading, where firms make money by acting a fraction of a second faster than competitors, that speed advantage is valuable. The pitch deck reportedly highlights posts the company describes as "documented market moving"—including one from last year, when Trump paused sweeping Liberation Day tariffs and wrote "THIS IS A GREAT TIME TO BUY," which added $4.8 trillion to U.S. stocks that day. The plan raises three questions: Is this corruption? Is it legal? And does corruption actually hurt economic growth?

Is it corruption?

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What you'll learn

  • 1 (00:01) **The Plan: Pay for Early Access to Trump’s Truth Social Posts** - The hosts introduce a new subscription service allowing users to pay up to $100,000 for millisecond-early access to President Trump’s posts on Truth Social, which often contain market-moving information.
  • 2 (02:36) **Evidence of Market-Moving Posts** - The hosts detail a pitch sheet from Truth Social that highlights 10 posts documented as market-moving, including one from last year that added $4.8 trillion to U.S. stocks.
  • 3 (03:28) **Is This Corruption? A Constitutional Expert Weighs In** - The hosts call Elizabeth Wydra, president of the Constitutional Accountability Center, who argues the plan looks like corruption because it puts the president’s personal financial gain ahead of national interests.
  • 4 (04:07) **Is It Legal? The Gap Between Norms and Law** - Wydra explains that while the plan appears corrupt, it is not clearly illegal, as legal structures have not caught up with Trump’s norm-breaking behavior.
  • 5 (05:38) **Is Corruption Bad for Growth? An Economist’s View** - The hosts bring in Ray Fisman, an economist at Boston University and co-author of the book *Corruption: What Everyone Needs to Know*, to evaluate the economic impact.
  • 6 (06:43) **The Problem of Endogenous Red Tape** - Fisman rejects the red-tape argument, explaining that officials often create more barriers to increase their opportunities to demand bribes, a phenomenon called “endogenous red tape.”
  • 7 (07:54) **The China Anomaly and the UK Warning** - Fisman dismisses the China example as an anomaly, noting that for every China, there are dozens of countries like Sudan and Venezuela where high corruption leads to low incomes.

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Show Notes

President Trump’s social media company, Truth Social, wants to sell investors early access to its posts., When Trump announces tariffs or new strikes on Iran, those milliseconds matter in the market. Is this corruption? Is this legal? And what does corruption mean for the U.S. economy? 

Ray Fisman’s book with Miriam A. Golden is Corruption: What Everyone Needs to Know.

Fact checking by Tyler Jones.

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