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20 sats \ 5 replies \ @Undisciplined 6 Jun \ parent \ on: Fed Beige Book: The Economy In Half of the Nation Is Getting Worse econ
I've heard that directly from a couple of people who do that sort of work.
Trump's experience of life is finding ways to enrich his family, which he's continuing to do very well at.
Did we expect anything different? I think everybody knew who he was and what he does for himself and his family, ie. Jared Kushner. Yet, they still chose him in the election by a wide margin. Still, he should know about the effects of uncertainty on the economy and actors in the economy!
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I think that's exactly where his personal experience is causing lots of damage. His negotiating style is to generate lots of uncertainty and chaos and misdirection, while trying to get the terms he's after.
Unfortunately for us, the terms he's after are counterproductive economically illiterate statist nonsense and the chaos is leading to massive amounts of regime uncertainty.
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Then, you are saying that his economics degree, albeit over 50 years old, is worthless. That is a bold statement on the state of economics in general, but I would have to agree with it. I also notice that he has a bit of trouble considering what his advisors have to say to him. It is almost a joke for him to have advisors. I just hope his security advisors are doing better than it appears they are doing.
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Undergraduate econ degrees are pretty worthless, regardless of when they were earned. Don't forget that AOC and Krystal Ball, both have equivalent degrees to Trump.
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Oh, so that is why they all sound like idiots when they talk about the economy. I suppose that nowadays the only economics they study is Marxism, MMT or Keynesianism! Never a thought for reality. Self study has some advantages.
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