Don’t expect President-elect Donald Trump to adhere consistently to traditional Republican economic policy, or even to positions Trump staked out during his election campaign.
That’s the message in an opinion piece written in the Financial Times by Trump economic adviser Anthony Scaramucci that took a swipe at the budgetary discipline promoted for years by fiscal conservatives in the U.S. and Europe. It may point to a coming rift between the new executive branch and the Republican-controlled Congress.…
Scaramucci said global economies are still battling deflation largely because of a movement toward fiscal austerity that followed the 2008-2009 global economic crisis.…Looks like they are setting up for a battle with the fiscal scolds.
Bloomberg
Trump Adviser Takes Aim at Conservatives’ Budgetary Restraint
Christopher Condon
3 comments:
Bring it...
Hahaha, Trump not necessarily a fiscal scold. Whoda thunk?
....BTW, How's that Clinton endorsement working out for Ms. Kelton?
The "fiscal scolds" don't have much choice do they? Getting with the plan to make "America Great Again" by making more stuff at home means tax breaks and credits to compensate for the higher prices! What they going say making "America Great Again" costs too much and can never be repaid? I think not. The dog has its tail up now!
Trump might also push for a definitive, coherent and complete official explanation of how money is created for economic growth in the United States.
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