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Recent mistakes I made – Econlib

by trpliquidation
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Recent Mistakes I

I am eagerly waiting for the announcements of Donald Trump of raised rates on Liberation Day, April 2. I always thought that Donald Trump was an ignorant who did not understand the profit from the market. But now I realize that he understands better than we economists. All we have are our models and our logical reasoning. Trump has experience as a trader in the real world who understands that there is a winner and loser in every trade. He also understands that when domestic car companies charge low prices for Americans, that is good, but when foreign car companies charge low prices, that is bad. I really have to read The art of the deal Thoroughly so that I can understand the source of his wisdom.

I wasn’t wrong Criticize Kamala Harris To advocate price checks during the presidential campaign. But I’m wrong because I criticized Donald Trump Car companies warn not to increase prices After his rates on cars increase demand and his rates on aluminum and steel reduce the domestic stock. The difference is that Harris is a democrat and Trump is a republican and that makes the difference.

I was wrong to conclude in 2021 that Joe Biden had dementia. I should have done with the insights of Joe Scarborough on MSNBC, who thought That even in March 2024 Joe was “better than he ever, intellectual, was analytical.”

In the last few days I have told the American and Canadian friends that the new Prime Minister of Canada, Mark Carney, is someone who wants to regulate people’s lives because of climate change. But now, reading parts of his insightful book Values)I realize that as a central banker he has an in -depth knowledge of climate change and a lot of basis for his opinion that “the risks are existential.” Stupid me sealAfter reading the book by Steven Koonin FidgetyThat “[T]The good news is that the economic effect in the long term of even substantial warming of the earth will be small. “

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