Sunday, June 3, 2018

Sarah Sanders Tweet Smacks Paul Krugman

Immediately before Americans went to vote in the 2016 presidential election, I advised EPJ Daily Alert readers to buy the stock market if Donald Trump was victorious. I knew that less sound economic analysts, Paul Krugman among them.,who do not understand that it is the Federal Reserve that has the most influence over the boom-bust cycle (See:The Fed Flunks: My Speech at the New York Federal Reserve Bank ), would do some panic selling.

Indeed, Krugman came through. He said immediately after the election “if the question is when markets will recover, a first-pass answer is never.”

Now, 500 days into the Trump presidency, White House Press Secretary Sarah Huckabee Sanders is taking a sweet swipe at the Keynesian theorist Krugman, as there is still no recession.

Of course, it is not Trump that is responsible for the boom, it is the Fed and their mad money printing ways.

Which brings up the question: What will Sarah tweet when the Fed slows money growth and we hit the bust phase of the Fed created boom-bust cycle?


1 comment:

  1. Well he got one wrong, so what. Remember when he said we need to replace the nasdaq bubble with a housing bubble? At least he got that one right.