Deciphering Trumponomics, Chapter One
What can Americans expect from Donald Trump’s economic policies? Tyler Cowen predicts tax cuts, infrastructure spending and a lot of free-lunch thinking, while Justin Fox considers what Trump-style fiscal stimulus would look like. Meanwhile, Narayana Kocherlakota considers how Trump could help the Federal Reserve after spooking it.
Repeal Would Be Even Worse Than Obamacare
Meanwhile, on the healthcare-policy front, Megan McArdle warns that Trump and congressional Republicans can’t keep the popular parts of the Affordable Care Act without keeping the unpopular parts (but that might not stop them from trying).
Will Trump Go Rogue in the War on Terror?
Trump, who’s said he wants to bring back waterboarding and ban Muslims from entering the U.S., will soon have the power to wage war without end. Eli Lake suggests #NeverTrump Republicans might be the world’s only hope.
Trump Is the Change Americans Wanted
Even if Hillary Clinton won the popular vote by a smidgen, the Republican’s 59.6 million supporters are a force to be reckoned with. Virginia Postrel says dismissing them as “deplorables” is an analytical mistake.
- Why Twitter must be saved (Stratechery)
- Do markets really hate uncertainty? Not at all (MarketWatch)
- What investors misunderstand about the politics of rage (Financial Times)
(Read Barry Ritholtz’s full daily news roundup.)
- Biopharma's Trump party is a little too raucous
- SolarCity heads quietly into the sunset
- Twitter keeps finding new ways to look dysfunctional
(Read more from BV’s sister site for fast business commentary.)
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