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Bob Murphy’s Worst Nightmare Comes True

Summary:
Trump’s victory has unleashed a tidal of hysterical nonsense from free traders, Neoconservatives, the mainstream left, the regressive left and liberals, but libertarians aren’t that happy either, so it seems.Think about it. Most probably, Trump is about to implement:(1) hostility to free trade agreements of the past 30 years;(2) protectionism and tariffs;(3) some kind of industrial policy;(4) a wall with Mexico and a restrictive immigration policy that will lead to labour market protectionism in the US;(5) massive infrastructure and military spending with tax cuts, which will lead to(6) massive, massive government deficits and Keynesian stimulus. As Trump’s policies are implemented, I predict US libertarians will go into meltdown. Take the prominent libertarian blogger Bob Murphy. Remember Bob Murphy’s intense conspiracy theories about a proposed wall with Mexico?:[embedded content]But, strangely, Bob seems to have forgotten his dire predictions of doom above and taken a weirdly agnostic view of Trump (correct me if I am wrong). Come on, Bob.

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Trump’s victory has unleashed a tidal of hysterical nonsense from free traders, Neoconservatives, the mainstream left, the regressive left and liberals, but libertarians aren’t that happy either, so it seems.

Think about it. Most probably, Trump is about to implement:

(1) hostility to free trade agreements of the past 30 years;
(2) protectionism and tariffs;
(3) some kind of industrial policy;
(4) a wall with Mexico and a restrictive immigration policy that will lead to labour market protectionism in the US;
(5) massive infrastructure and military spending with tax cuts, which will lead to
(6) massive, massive government deficits and Keynesian stimulus.
As Trump’s policies are implemented, I predict US libertarians will go into meltdown.

Take the prominent libertarian blogger Bob Murphy. Remember Bob Murphy’s intense conspiracy theories about a proposed wall with Mexico?:

But, strangely, Bob seems to have forgotten his dire predictions of doom above and taken a weirdly agnostic view of Trump (correct me if I am wrong).

Come on, Bob. Where are your vitriolic tirades against Trump? Why aren’t you venting your spleen about the “evil” of Trump’s protectionism, Keynesian economics and the wall?








Lord Keynes
Realist Left social democrat, left wing, blogger, Post Keynesian in economics, but against the regressive left, against Postmodernism, against Marxism

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