Given that President Trump is currently creating an “aura of
economic instability” due to his economic policies does Trump truly believe
that Adolf Hitler was a good economist?
By: Ringo Bones
Remember that famous speech coined by Milton Friedman that
was later attributed to the late US President Richard Nixon that goes: “…we are
all Keynesians now…”? Well the keyword here is Keynesian – as opposed to “Hitlerian”
like what US President Trump’s latest economic policy is starting to look like.
During the past few years, the so-called “global populist
movement” have recently elected illiberal politicians that can only be
described as “Hitlerian” in the hopes of solving genuine problems and concerns –
i.e. the economy. Unfortunately, Adolf Hitler was not known for being as a “good
economist”, if he was, Keynesian Economics would have an operational
counterpart that could be labeled as “Hitlerian Economics”. Would it be only a
matter of time when President Trump will ask Brazilian President Jair Bolsonaro
for “economic advice”?
It may have been the inherent terror in the so-called
inverted yield curve that President Trump’s economic team have been ignoring
since they set up shop, never mind the recent red flags from the bond market signaling
that holding long term debt is increasingly risky, it seems like the inverted
yield curve will strike the US economy as soon as the start of the 2020 fiscal
year. Given the recent 800-point drop of the DOW and the recent US Federal
Reserve rate cut seems to be doing nothing to prevent this, it seems that the
Trump administration is already out of options – economically speaking.
