Tag Archives: Krugman on Econ

It Is Not Just About Trump’s Inadequacies

Published / by Stephen

Here is more from my favorite Keynesian, Paul Krugman:

It goes without saying that Donald Trump is the least qualified individual, temperamentally or intellectually, ever installed in the White House…

But the broader Republican quagmire — the party’s failure so far to make significant progress toward any of its policy promises — isn’t just about Mr. Trump’s inadequacies. The whole party, it turns out, has been faking it for years. Its leaders’ rhetoric was empty; they have no idea how to turn their slogans into actual legislation, because they’ve never bothered to understand how anything important works.

Take the two lead items in the congressional G.O.P.’s agenda: undoing the Affordable Care Act and reforming corporate taxes. In each case Republicans seem utterly shocked to find themselves facing reality.

Read the full New York Times  op-ed by Krugman

Share This:

Trump and The Coming Trade Wars

Published / by Stephen

Share This:

A blog post by Paul Krugman suggests to me that Trump may know a lot about commercial real estate but not much about manufacturing.

What happens if the protectionist-in-chief goes ahead and does it, as I suspect he will? …But what would happen would be a global trade war, which would disrupt the existing economic structure, which is built on elaborate international supply chains.  …In the long run, a new structure with shorter chains would be built. But in the meantime, some industries, some factories, would end up becoming sudden losers — in the US as well as in developing countries.

The China Shock and the Trump Shock