This is what happens when Trump hires morons
This is what happens when Trump hires morons No serious economist believes the growth numbers Trump’s team keeps promoting. Dec 20 Before we get into it: if you’re receiving this via email, thank you. You’re already subscribed. If you’re not, now is the time. Let’s talk about economic incompetence, because there are real consequences when people who do not understand basic economics are put in charge of shaping the narrative around the U.S. economy. This week, one of Donald Trump’s longtime economic advisers, Kevin Hassett, again entertained the idea of 20 percent or even 25 percent GDP growth . This is not a one-off comment. Trump himself has repeatedly asked, publicly, why the United States cannot grow at those levels. On CNBC, Carl Quintanilla pressed Hassett on what markets are supposed to do with numbers like that. Hassett’s answer was revealing, not because it clarified anything, but because it showed just how unwilling Trump’s team is to tell him the truth. What Has...