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

Wednesday, August 21, 2019

Rooting For Self-Inflicted Injuries

Some tool on Twitter was castigating liberals for wanting a recession to occur, just so it would hurt Trump.  Of course, Republican needlessly inflicted pain on America from 2009-2017, so - as always - every allegation is a confession.

If a recession is brought on by a dramatic restriction of international trade caused by Trump's bullshit tariff wars and Brexit, then perhaps simply loosening trade restrictions would help the economy.  A true Austrian economist would likely approve of a forced recession in order to re-set the economic cycle.

If America and the world were to enter a recession because of Trumponomic and Brexit, it would cause real pain for real people.  But hopefully, it would finally discredit rightist (and leftist) talking points about trade and the broader bullshit about tax cuts for the rich creating a good economy for everyone.  "Elect a Republican, get a recession" is a pretty persuasive bumpersticker.

But it would all be contingent on being reversible by sane trade practices and proper Keynesian spending.

UPDATE: More here.  Oddly, I didn't catch any political science talk about depressed voter turnout among Republicans should the economy crater.

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