Quote (Horford @ Jun 25 2018 01:30pm)
but but but trade wars are "easy to win"
"Traditional economists have forgotten how to win, I will show them the way!"
Trump's acting like a highschool kid with a brand new mustang that insists on changing 50% of it to aftermarket. He was handed a perfectly working machine, all he had to do was just drive it. Domestic manufacturing was returning big time, the DJJ soared, and unemployment sank into historic lows. Now we're rolling the dice on stuff that is guaranteed to have blowback effects, and the only credible positive course is to starve out other economies until they are ok with renegotiating entire trade deals. even believers in that model of economics realize that could take decades, by which time Trump will be out of office. so its a bad idea even to those who support it. it's like coming into a football game with a strategy that takes 3 games to implement. nonsensical.