Will Trumponomics be expansionary?
Trumponomics is Reaganomics. And as much as fiscal hawks preach the advantages of low deficits, and reduced spending (on entitlements), they do increase both once in power. By the way, I do expect an assault on entitlements. I don't believe that the deep convictions about debt management are in general. It's basically strict fiscal rules for Dems, and loose rules and pork barrel spending for the right wingers. It's predatory capitalism, as Jamie Galbraith would call it. Another interesting nugget in the Durden post, is that Mulvaney is in favor of full privatization of Freddy and Fannie, something that I'm sure would be okay with real state broker in chief.