TRUMP NEEDS TO KNOW THAT THE KEY TO ECONOMICS IS NOT ECONOMICS
Yesterday (9/07) in Philadelphia, The Donald gave a rousing speech on building up our military. Heavens knows we need that after 8 years of Zero trying to ruin it. But certainly what’s not needed is just more stuff.
Take the trillion-dollar F-35 boondoggle, for example, “the greatest white elephant in US military history.” The good old F-16 eats its lunch. The new innovative technology like General Atomics’ railgun leaves most big-ticket extravaganzas like aircraft carriers and manned bombers in the dust. Manned bombers? How 20th Century can you get?
The military’s resistance to obsoleting innovation is but one example of legions shot through our entire economy. People are afraid of the new. People are afraid of their jobs ending up making buggy whips. People want to stifle competition, demanding a “divine right to stagnation.” People are envious, they want to “eat the rich.”
Trump can talk all he wants about how to make America “great” again, how he wants to create jobs, how he wants better trade deals, how he wants to bring manufacturing back to the US from overseas. Fine, go for it. Almost anything he does will be better – as in gargantually better – than Hacking Hillary who will do her best to make it worse (except for her cronies).
I believe that Trump’s heart is in the right place, while Hillary’s is in a deep dark hideous hole. Nonetheless, there’s something he needs to understand about economics – namely, that the key to it, the key to whether a society prospers or pauperizes, has nothing to do with economics.













