Thursday, January 26, 2017

Trump's Top Trade Adviser: "We Envision a More Germany-Style Economy"

Peter Navarro, named by President Donald Trump to head the newly created National Trade Council, told CNBC, "We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing."

"We're talking about high technology across the board, whether it's computer chips or cars or anything in between," said Navarro.

"As we're negotiating with one country here, we're going to be negotiating with one country here, and another country here," Navarro said.

What a damn goofy central planner, he is no understanding of how free markets or free trade work.

The economic ignorance of this guy at a fundamental level is truly remarkable.


1 comment:

  1. I work in manufacturing and have pride for all the value I've been a part creating for the world, but what is with the obsession over this form of creation? Our productivity gains have freed up the time for so many more people to do other things that bring other forms of value to the world. Manufacturing is not for everyone, large increases in manufacturing employment after the US has already shifted to a different economy could cause unintended safety and quality issues. Also, we already have a hard enough time finding good quality employees and technicians. Don't need all these new factories filled with pill heads and unmotivated, unskilled labor.