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"The system is the system. It cannot be changed. It is the apex of Human Achievement. None can do better than Absolute Monarchy, Dictatorship of the Proletariat, Unlimited Free Trade and Invade/Invite, etc. The best for the best in the best of all possible worlds is what we have!"
We had a great system that had few flaws and delivered massive growth, and it only got stronger when we made the decision to be mild social liberals in 1933. It's the American System of Henry Clay, it worked like a charm. Bring it Back!
Throw Neoliberalism down the well.
Yeah, but if he busts open the conundrum, all financial hell will break loose now.
Don't you want to ask me what I am talking about, Thunderlips? It is important.
http://www.talkmarkets.com/content/bonds/trumponomics-increase-exports-slow-imports-bludgeon-the-new-normal?post=112404&uid=4798
In a nutshell, these advisers appear to have no real understanding of the New Normal at all. They want well over 3 percent growth per year (with the inflation that accompanies that), when the Fed is seemingly powerless to raise interest rates 1/4 point! In spite of the new normal and the structured finance that drives it, Trump wants to increase exports and limit imports from the targeted nations.
#investing #economics #politics