Monday, August 1, 2016

Cowen on Trump

Tyler Cowen has a great post on Trump. He draws some parallels between FDR and Trump,

I have for a while seen Trump is sort of a throw back to FDR. Very UN-libertarians both.

I also believe that FDR, Trump, Bernie, The Greek Government and some other rising European parties show that bad Central Bank Monetary policy breeds bad politics and that very high government spending in good years, like we and Europe have make fiscal stimulus problematic (whether fiscal stimulus works or not, I am not sure).

Perhaps we would be better off with free banking.

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