Summary
Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.
Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in “$1 trillion” and spur U.S. manufacturing.
When asked about a pain threshold for Americans, he called the question “so stupid,” arguing economic “medicine” was necessary to reverse decades of “stupid leadership.”
He insisted the strategy would make the U.S. “solid and strong again.”
So apparently Drumpf is taking a lot of advice from the convicted criminal Peter Navarro. Navarro, it turn, takes a lot of his information from Ron Varro, a persona totally fabricated BY Navarro, and quoted extensively by himself in 5 of his academic books. (Ron Vara is an anagram of naVarRo). Why has the Economics community not come out against a guy who quotes himself in academia as an expert source? Why have those 5 books been withdrawn as academic literature, when they are in fact, fantasy? Just curious why this academic fraud has not been rejected by the Economic community…
I’ve very recently also seen this.
Basically uh, yeah, that tracks, that seems completely inline with the rest of how completely ridiculous this all is.
So… why haven’t the books been withdrawn?
Because academia, academics, … they regulate and peer review Journals. Published papers. Textbooks used in classes.
Not books designed for popular consumption, pop-econ, pop-psych, pop-whatever.
Why hasn’t he been rejected by the Econ community?
Ironically, because of the nature of the incentive structure of the field of Econ.
Way, waaay too much overlap with politics and business, so its basically split into psuedo religious ideological camps, who often realize they can make way more money or have may more power by working for a hedge fund or being some kind of propogandist.
So… in that sense… the academic Econ community rarely is even capable of coming out as a unified body of academics and rejecting someone. There are too many different ideological camps, they’re all arguing with each other all the time.
There is no broad consenus view as there is with say all climate scientists saying climate change is real, all biologists and archaeologists and geologists saying evolution is real and the earth is 4.5b years old.
But with Navvaro… he apparently hasn’t done much or any really groundbreaking research, spent about two or three decades teaching, and during that time he realized he could make way more money selling pop-econ books to people who want to be able to argue about Econ to support their ideology without actually learning Econ.
You know, pretentious blowhards.
Anyway he also went to jail for Contempt of Congress for lying to the Jan 6th committee.
He is an absolute hack fraud at this point.
So there, me with a BSc. in Econ, I’m calling him out rofl.