Comments: Two Steps Forward, One Back

You are right to object. Personally, I think it's a negotiating tactic. Like "uuge tariffs" on companies that move jobs out and try to sell goods back in. Have any such tariffs been established? Not that I'm aware of, but I'm aware of scores of factory closings that were reversed, and offshoring that was canceled.

Posted by johngalt at January 25, 2017 2:58 PM

Perhaps. The WSJ Editorial Board has suggested that President Trump offers business a bargain: I'm going to lower your taxes and keep government regulators off your back; you're going to let me browbeat you and bias your investments toward domestic production.

As a great blue-eyed economist once said "That ain't love. But it will have to do until the real thing comes along." Much as I love trade, that's likely a better bargain than they saw over the previous eight years,

Posted by jk at January 25, 2017 4:49 PM

I'm actually hopeful that Trump is more saavy than all of the principled free-market advocates realize. Yes, he is distorting markets with his browbeating. But perhaps he is doing it as a countermeasure against foreign currency manipulation. There is a direct way to counter such manipulation, which is "by far, the world’s most protectionist international economic policy in the 21st century" and there are indirect ways. Perhaps President Trump is engaging in one of these. Among other things, the browbeating has the advantages that it can be done quickly, by executive action, and it is not an obvious countermeasure to something else. It just looks like unbridled populism. It is that, of course, but a principled executive knows how far to take it before backing off.

We have admitted that Trump is smarter than most critics assume, haven't we?

Posted by johngalt at January 25, 2017 7:13 PM

Dagny told me I'm a hopeless, rationalizing, optimist.

Guilty!

Posted by johngalt at January 26, 2017 1:40 PM

And he thinks the Rockies are going to be good this year.

Posted by dagny at January 26, 2017 1:57 PM

I was going to comment on your optimism, but I would never have gone so far as Sister Dagny (though the brave black and purple are not without talent...)

On a serious note, optimism is good and I must admit that -- so far -- more of your rosy scenarios have materialized than my dark dystopian visions. But it is Day Four; I hope you'll be willing to hold him accountable.

And yes, he is well served by the compete insanity of his critics. Holy Cow, those people have left the rational plane. But they can be bonkers and he can still be wrong.

And the bullpen. Some steps up, but enough?

Posted by jk at January 26, 2017 3:28 PM

Yes, I'll hold him accountable. I probably won't march on the capitol or cut off any parts of my anatomy, but I'll always be willing to condemn bad acts.

I haven't been following the Rox off-season moves but I did hear about the once great Royals reliever who's coming off some surgery or another. But a sports radio jock I know is predicting Rocktober already!

Hope springs eternal - if not this year, then next. Or the year after that. ;)

Posted by johngalt at January 26, 2017 4:17 PM
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