It is a virtual guarantee that when the economy does start to slow down (alas, booms don’t last forever), The New York Times will gleefully shout: Aha, Donald Trump’s economic policies are a failure.
Yes, there is a bit of chaos and disorder at the White House. Yes, some of the characters that Mr. Trump has hired had no business being anywhere near 1600 Pennsylvania Avenue. By contrast, Mr. Obama had an orderly and statesmanlike White House and he hired a cadre of highly-respected and well-intended people, but all of this still produced the worst recovery from a recession since the Great Depression.
The other day I was on a panel with media reporters and I suggested in all seriousness that Donald Trump deserves the 2018 Nobel Prize in Economics. My fellow panelists almost visibly popped a vein in their heads. They ranted and raved about how stupid and dangerous Mr. Trump’s policies are. Just who is deranged in this picture?
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