When former President Donald Trump was asked about his plan to lower the cost of groceries, he said that he would slap tariffs on foreign food imports.Scott Lincicome and Sophia Bagley of the libertarian Cato Institute, however, believe Trump's plan is "deranged" and they write in The Atlantic that ...
Who says? It seems like these days he doesn’t even know which state or city he’s in, I think the likelihood of him understanding literally any political theory at all is close to zero.
It’s certainly possible, but I don’t buy that level of ignorance.
Trump was savvy enough to keep interest rates low to heavily inflate real estate as the obvious money dump for free money. As a real estate mogul, this directly benefited him personally.
And don’t give me that nieve nonsense that the president doesn’t control the fed reserve. Trump’s corruption was thorough and complete.
Trump absolutely understands basic economic principles of supply and demand. He is constantly trying to manipulate competition to give himself more power so he can gain from it. It’s the same as raising tariffs to give domestic producers more power so they can raise their profits at the cost to the consumer.
He just doesn’t give a shit about the consumer, only the kickbacks he gets from the producers.