by See here:[embedded content]Hillary got hammered on the economy. She never clearly committed to rejecting the disaster of free trade, nor even mentioned the issue of free trade or deindustrialisation *except* when Trump raised it and in response to Trump. In the first few minutes, Trump was all over the disaster of free trade and the catastrophe of deindustrialisation, even if he should have concentrated on protectionism rather than corporate tax policy. Trump was completely correct that Hillary supported NAFTA.At 11.40 onwards, Hillary fails to mention that Bill Clinton’s financial deregulation is a big explanation for the financial crisis of 2008. Nor was Bill Clinton’s economy anything much but a sham driven by a stock market bubble and private debt.Trump went on a brief rant about government debt, but private debt is the issue, not government debt.As for Trump’s tax cuts and plans for massive infrastructure spending, this will drive the US into deep deficits and huge Keynesian stimulus – broadly speaking, precisely what is needed. Combined with trade protectionism and labour market protectionism, this is again, broadly speaking, exactly what America needs.
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Lord Keynes considers the following as important: Trump versus Hillary Debate
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Hillary got hammered on the economy. She never clearly committed to rejecting the disaster of free trade, nor even mentioned the issue of free trade or deindustrialisation *except* when Trump raised it and in response to Trump.
In the first few minutes, Trump was all over the disaster of free trade and the catastrophe of deindustrialisation, even if he should have concentrated on protectionism rather than corporate tax policy. Trump was completely correct that Hillary supported NAFTA.
At 11.40 onwards, Hillary fails to mention that Bill Clinton’s financial deregulation is a big explanation for the financial crisis of 2008. Nor was Bill Clinton’s economy anything much but a sham driven by a stock market bubble and private debt.
Trump went on a brief rant about government debt, but private debt is the issue, not government debt.
As for Trump’s tax cuts and plans for massive infrastructure spending, this will drive the US into deep deficits and huge Keynesian stimulus – broadly speaking, precisely what is needed. Combined with trade protectionism and labour market protectionism, this is again, broadly speaking, exactly what America needs.
America could certainly do with a new progressive tax system, especially one which taxes deleterious speculative activity and parasitic rentier capitalism, but such a new tax system should only be introduced when the economy is booming and full employment is restored.
I am also rather puzzled why the issue of Hillary’s health was not raised by Trump.