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IPFS News Link • Economy - Economics USA

Not MAGA: The Donald's Visible Economy Scam and Invisible Policy Disaster

•, By David Stockman

The Donald's keyboard is bad enough. Still, after a lifetime as a leveraged real estate speculator who apparently skipped Econ 101, why would he know any better?

But chief trade advisor, Peter Navarro, who supposedly has credentials, showed this weekend exactly what flavor of statist economics now reigns in the White House:

"I can tell you with certainty… we're going to have a strong economy through 2020 and beyond with a bull market," he told ABC News in an interview on Sunday morning. "The Fed will be lowering rates. The ECB will be engaging in monetary stimulus. China will be engaging in fiscal stimulus."

Paul Krugman could not have said it better himself. Nor could have even Paul Samuelson, the supposed father of postwar Keynesian economics. And that's to say nothing of J.M. Keynes, who is undoubtedly nodding approvingly from his grave.