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Trump’s great economic guessing game

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Donald Trump’s ‘bullying’ of companies comparable to 1930s fascist economic policies, says Nobel economist

Donald Trump's 'bullying' of companies comparable to 1930s fascist economic policies, says Nobel economist*/

– A Nobel Prize winning economist has compared Donald Trump’s “bullying” of businesses to the monetary policies of the fascist governments of 1930s Europe.Edmund Phelps told a meeting of the American Economic Association that the President-elect’s “corporatist” stance was potentially “dangerous” for the economy.Mr Phelps argued that innovation was key to stimulating the US economy, rather than imposing controls on companies.
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Nobel laureates warn Trump’s economic policies could lead to deep recession

Nobel laureates warn Trump's economic policies could lead to deep recession*/

– Several Nobel Prize-winning economists said Friday that US President-elect Donald Trump ‘s economic policies could lead to a deep recession of the US economy, media reported.Trump’s plans for big tax cuts and spending increases pose risks.”It could lead to an explosion of public debt and ultimately cause a serious loss of confidence and a deep recession,” Columbia University professor Edmund Phelps was quoted by Bloomberg as saying.At the annual American Economic Association meeting held in Chicago, Phelps also criticized Trump’s singling out of individual companies for abuse and praise, saying such interference could prevent newcomers from entering markets and bringing with them much-needed innovation, the report said.While other presidents have run big budget deficits in the past, they depended on foreign purchases of US debt to do so.Now, with Trump threatening to renegotiate US trade agreements and shift to an “America First” policy, the willingness of foreigners to keep buying US government securities can’t be taken for granted, said Roger Myerson from the University of Chicago.
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Trump’s great economic guessing game

Trump's great economic guessing game*/

– We’re all playing a guessing game.During the campaign, Donald Trump made many promises.But whether friend or foe, we don’t know what he will actually do.
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