Wednesday, February 8, 2017

OMG Trump Called a General at 3 A.M. to Ask if the U.S. Should Have a Strong or Weak Dollar Policy

"If the dollar breaks above par."
The Huffington Post reports:
 President Donald Trump was confused about the dollar: Was it a strong one that’s good for the economy? Or a weak one?

So he made a call ― except not to any of the business leaders Trump brought into his administration or even to an old friend from his days in real estate. Instead, he called his national security adviser, retired Lt. Gen. Mike Flynn, according to two sources familiar with Flynn’s accounts of the incident.

Flynn has a long record in counterintelligence but not in macroeconomics. And he told Trump he didn’t know, that it wasn’t his area of expertise, that, perhaps, Trump should ask an economist instead.

Trump was not thrilled with that response ― but that may have been a function of the time of day. Trump had placed the call at 3 a.m., according to one of Flynn’s retellings ― although neither the White House nor Flynn’s office responded to requests for confirmation about that detail.
So we have the insane Flynn even wondering why Trump is asking him about economic policy (The story probably leaked, btw, by the machiavellian Bannon).

Trump is clueless about economics and this is evident by the protectionist economic advisers that he has chosen to guide policy.

Do not expect anything good to come out of Trump economic policy.



  1. I'm not a fan of Trump but this sounds like fake news.

  2. In other words, if it is true, you agree it is pretty insane?

    1. I definitely agree. This would be a good question to ask members of Congress. I bet you would get a lot of stupid answers.

    2. It's not true but Trump is terrible anyway. Gotcha.

  3. Call me
    Don't be afraid, you can call me
    Maybe it's late but just call me
    Tell me and I'll be around

  4. It's a wonderful thing that he's ticking off his inner circle.

  5. That would be like the New York Times reporting that Walter Block called Robert Wenzel in the moddle of the night asking for advice on the war!

  6. Trumpfucious say: Ask two economists, get two answers. Ask one general in middle of night, get answer from entire nation.

    Someone get Jim Grant an appointment at the White House STAT

  7. I'm not a Trump fan (though I hate Hideous Hillary even more), but to put a positive spin on this, surely it's better for Trump to have called at 3 AM looking for enlightenment than to have been content with remaining ignorant.

    (Yes, I know, he called the wrong guy, and he's still ignorant.)

    1. To be fair, Trump could have dialed a random number and had a great shot at talking to someone who knows more about economics than Trump does.