Friday, March 4, 2016

Billionaire Carl Ichan on Donald Trump

Billionaire investor Carl Ichan has been mentioned a few times by Donald Trump as someone Trump would rely on to negotiate trade deals.

Although a great investor, in the interview below, it's clearly Ichan's understanding of how the economy works is pedestrian Keynesian. He even tells the interviewer Neil Cavuto that the economy "sometimes needs fiscal stimulus." Henry Hazlitt destroyed this view entirely in his 1959 book, The Failure of the New Economics. I'm sending Icahn a copy.


1 comment:

  1. This is how crony-capitalism becomes established.