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.