Tuesday, March 29, 2016

Krugman Endorses Trumps Crazed Trade Views

Where these two intersect on the policy charts, you know it it bad policy. Paul Krugman has endorsed Donald Trump's mercantilist views:
I’m not saying that Trump has any idea what he’s talking about; he doesn’t. But we are living in a world where, for the time being — and maybe for a long time to come, if secular stagnation theorists are right — mercantilism makes a fair bit of sense. But then Keynes could have told you that.
For a thorough takedown of mercantilism see Murray Rothbard's  Mercantilism: A Lesson for Our Times?


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