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janhoglund

”The key point is that Trump isn’t really trying to accomplish economic goals. This should all be seen as a dominance display, intended to shock and awe people and make them grovel… I’d like to imagine that Trump will admit that he messed up, cancel the whole thing, and start over. But he won’t, because that would spoil the dominance display. Ignorant irresponsibility is part of the message.”
—Paul Krugman
paulkrugman.substack.com/p/wil

Paul Krugman · Will Malignant Stupidity Kill the World Economy?Av Paul Krugman

”When the fate of the world economy is on the line, the malignant stupidity of the policy process is arguably as important as the policies themselves. How can anyone, whether they’re businesspeople or foreign governments, trust anything coming out of an administration that behaves like this?”
—Paul Krugman, Will Malignant Stupidity Kill the World Economy?

”I’d like to imagine that Trump will admit that he messed up, cancel the whole thing, and start over. But he won’t, because that would spoil the dominance display. Ignorant irresponsibility is part of the message.”
—Paul Krugman, Will Malignant Stupidity Kill the World Economy?
’s

@janhoglund

Wow, greater than even 1932.

Definitely the "golden age" to come.