Friday, February 26, 2016

Lord Keynes — Will Trumponomics be Reaganomics Mark II?

LK speculates on alternative scenarios.

I would not be surprised to see a return of something similar to Reaganomics and the appointment of Art Laffer to some position.

Social Democracy For The 21St Century: A Post Keynesian Perspective
Will Trumponomics be Reaganomics Mark II?
Lord Keynes


Matt Franko said...

Trump LOL:

God I hope he wins....

LK said...


"Listen you motherf***ers, we're gonna tax you 25%."


I wouldn't vote for him if I were American, but I'll say this: it was pure joy to watch this guy smash up the Bush dynasty in its latest incarnation (the hapless Jeb), smash up the Republican establishment and infuriate the neocons. Also, his total contempt for the neoliberal free trade deals that are actually bad for the US
and his demand that something needs to be done to rebuilt US manufacturing are right on the money.

Left-wing people (and I count myself as left-wing) badly underestimate Trump.

LK said...

Also, his protectionism isn't anything new. The US has had massive protectionism for most of its history. Even Reagan's administration had a heavy dose of protectionism to fend off Japan and protect US industries.