“2. The Crazy (and not so Crazy) Ideas of Donald Trump,” Debunking Economics – The Podcast, 25 October, 2016.The virtue signalling about Trump is tiresome, however: Hillary’s warmongering over Syria is far more dangerous than anything Trump has said.
But – at last – there was at least an attempt at some fairness here, with the following admissions:
(1) Trump’s protectionism is a position that the heterodox left can happily agree with, given that free trade ideology is wrong;The discussion starts to falter on immigration, however. What is “racist” about Americans wanting a strong national border with Mexico and their laws on illegal immigration enforced? Answer: nothing per se.
(2) a deliberately devalued currency by China is an important part of Chinese mercantilist industrial policy (more on that issue here);
(3) cutting taxes and increasing government spending (which Trump appears to want to do) will be drive the US into deep federal deficits and will be a Keynesian stimulus and good for the economy (and especially when combined with protectionism to bring back manufacturing).
The accusation of “racism” is just a regressive left lie.
For various reasons, even Post Keynesians cannot seem to understand that open borders and mass immigration are a major component of neoliberalism.
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