October 16, 2017

Not my favorite topic...

I said something reaaaaaally nice about the President late last week. So I'm owed one.

I had deluded myself to believing that Nafta was safe, save for a lot of bluster. But the WSJ Ed Page has some bad news for free tradin' Republicans:

Mr. Trump's obsession with undoing Nafta threatens the economy he has so far managed rather well. The roaring stock market, rising GDP and tight job market are signs that deregulation and the promise of tax reform are restoring business and consumer confidence. Blowing up Nafta would blow up all that too. It could be the worst economic mistake by a U.S. President since Richard Nixon trashed Bretton-Woods and imposed wage and price controls.

Well then.

Trump Agonistes Posted by John Kranz at October 16, 2017 2:51 PM

True, "it could be." Alternately, that could also be an assumption based upon "the loud conventional wisdom of the past."*

* I know you read it - I'm just linking these two posts for posterity.

Posted by: johngalt at October 16, 2017 4:55 PM | What do you think? [1]