Sunday, April 3, 2016

The bizarre optimism in Donald Trump’s theory of the economy

Trump appears to blend economic conspiracy theories with magical-thinking accounting: Stocks are a bubble inflated by "easy money"; government regulators have taken control of banks and choked off lending to everyone but the rich; the "real" unemployment rate is closer to 20 percent than 5 percent, and his crowd sizes prove it; cutting taxes and renegotiating the terms of trade will reinvigorate the economy and the middle class and somehow pay off the federal debt within eight years...
https://www.washingtonpost.com/news/wonk/wp/2016/04/02/the-bizarre-optimism-in-donald-trumps-theory-of-the-economy/

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