Will Trump Downsize the Square Foot Next?

Wednesday, January 18, 2017

At RealClear Markets, editor John Tamny considers the president-elect's repeated assertions that the dollar is "too strong," in light of history recent-enough for someone Donald Trump's age to remember, economic principles, and analogous cases. His last paragraph serves as an apt summary:

While the president-elect talks a good game about the importance of economic growth, talking down the dollar measure amounts to fakery. To believe it works is as silly as a real estate developer believing he can command more for his properties by devaluing the square foot. This is not the stuff of a serious country. [bold added]
This should also serve as a wake-up call for anyone who thinks Trump's business acumen or cabinet picks reveal him to be the antidote we need to decades of central "planning" and intrusive government.

-- CAV

2 comments:

Snedcat said...

Yo, Gus, you quote: "To believe it works is as silly as a real estate developer believing he can command more for his properties by devaluing the square foot."

Obvious retort: Devaluation of the square foot will just be a by-product of his devaluing the inch in an effort to make his hands seem bigger.

Gus Van Horn said...

Hah!