Saturday, July 18, 2015

Donald Trump: Economic Ignoramus

Photo via Paul Krugman.

“I’m not going to Mexico. And I don’t think anybody from this country [should],” Trump said on the Rita Cosby WABC radio show.

“I think we should boycott Mexico, frankly.”

So much for the hope of any understanding of the law of comparative advantage by Trump.

Trump went on to display a lack of understanding of the problems with central planning (specifically in the healthcare sector).

“I want health care for everyone,” Trump said. “We have to take care of people that really can’t take care of themselves.

“You can say that’s not a conservative way. Well, if it’s not, that’s going to be a problem for me. But I don’t think it will be.”

It's pure Mussolini economics.

From My Autobiography by Benito Mussolini:
I have wanted the Fascist government, above all, to give great care to social legislation...I think that Italy is advanced beyond all European nations; in fact, it has ratified laws...for obligatory insurance against tuberculosis...All this shows how, in every detail in the field of labor, I stand by the working labor...from insurance against accidents to the indemnity against illness.

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