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Justin Fox

Getting Mad at the Wrong Trump Economic Blunder

His assertion about taxes is far worse than an old phrase he thinks he coined.
Did he just say that?

Did he just say that?

Photographer: Jim Watson/AFP/Getty Images
Updated on

So President Donald Trump gave another interview to another news organization that transcribed it so we can all see how muddle-headed and ill-informed he is. This time it was the Economist, and -- at least among the econowonks who dominate my Twitter feed -- this was the passage that got everybody all exercised:

Ha ha ha! Trump thinks he just coined the term "prime the pump" a few days ago! Economists and politicians have been using it for generations! In fact, even Donald Trump has been using the phrase since at least late last year, when he told Time magazine's Michael Scherer in his Person of the Year interview: