Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Tuesday, April 2, 2019

Blunderbuss

It is somewhat amazing that Trump has not cratered the global economy, even if he has greatly hurt American farmers.

Still, maybe he will close the border, which combined with no-plan Brexit, could tip us into a recession.

As a recession caused by policy rather than macroeconomic failures, it could presumably be reversed by better policy.  Which we will hopefully get in 2021.

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