Franklin Delano Trump?
April 4, 2020
First he signs the Mother of All Keynesian/New Deal pork barrel spending bills, ignoring that this has never worked, not even for FDR. Then yesterday another asinine FDR/New Deal idea was trotted out by the president: the crazy notion that government-enforced higher consumer prices is good for the economy (the signature policy of the first two years of the New Deal). He did this by bragging that he had “negotiated” with Russia and the Saudis to reduce their oil exports to the U.S. so as to (hopefully) cause gasoline prices to increase here. The assembled oil company executives in the room seemed pleased with the news.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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