Daniel1769
New member
Government regulation of the economy didn't work when Obama did it. It didn't work when any other President did it. It isn't going to work when Trump does it. Free markets are the only way to grow the economy.
"...The plan betrays embarrassing ignorance of how trade negotiations work and a farcically simplistic and erroneous understanding of economics. In essence, the plan justifies Trump’s policies by reimagining how the world works.
Trump’s entire view of trade and its impact on the U.S. economy is wrong. He believes that trade is good for the United States only if we export more than we import and that trade relations are a contest between countries, which we are losing because they sell more stuff to us than we sell to them. He claims to be the tough-guy who will the save the American economy from shrewd foreign cheaters and the inept government officials who let them beat us.
Since that’s not how things work in the real world, he has to rely on falsehoods and bad economics to justify disastrous policies. This new white paper is just a continuation of that tactic...."
Excerpt from "Trump's Economic Plan Is Completely Detached from Reality" by Bill Watson
Published on fee.org FEE: Foundation for Economic Education
Full article here https://fee.org/articles/trumps-econ...-from-reality/
"...The plan betrays embarrassing ignorance of how trade negotiations work and a farcically simplistic and erroneous understanding of economics. In essence, the plan justifies Trump’s policies by reimagining how the world works.
Trump’s entire view of trade and its impact on the U.S. economy is wrong. He believes that trade is good for the United States only if we export more than we import and that trade relations are a contest between countries, which we are losing because they sell more stuff to us than we sell to them. He claims to be the tough-guy who will the save the American economy from shrewd foreign cheaters and the inept government officials who let them beat us.
Since that’s not how things work in the real world, he has to rely on falsehoods and bad economics to justify disastrous policies. This new white paper is just a continuation of that tactic...."
Excerpt from "Trump's Economic Plan Is Completely Detached from Reality" by Bill Watson
Published on fee.org FEE: Foundation for Economic Education
Full article here https://fee.org/articles/trumps-econ...-from-reality/
