Trump’s Weimarnomics
By 
In addition to my radical view that one-issue anti-nepotism voters should prefer Joe Biden to Donald Trump. I also have the radical view that one-issue anti-inflation voters should strongly prefer Joe Biden to Donald Trump:
But the primary driver of Trump’s support — especially among swing voters — is his superlative credibility on economic issues. Voters rank “the economy” and “inflation” as their top concern in every major survey. And they consistently express more faith in Trump’s competence on those issues than Biden’s. In a Bloomberg–Morning Consult poll from last month, swing-state voters favored Trump over Biden on the economy by a 15-point margin and trusted the Republican more than the Democrat to best handle the cost of everyday goods and services by 12 points. Those results are in line with the findings of various other surveys of both battleground states and the nation as a whole.
Voters’ faith in Trump’s price-management bona fides may rest on nostalgia for the 2019 economy, antipathy for Biden, or the belief that The Apprentice was a documentary. One thing it most certainly does not rest on, however, is an accurate understanding of the Trump 2025 agenda’s macroeconomic implications.
That agenda includes imposing a 10 percent tariff on all foreign-made goods, enacting large deficit-financed tax cuts, and slashing America’s foreign-born labor force through mass deportations and immigration restriction. Taken together, this constitutes a recipe for a drastic increase in U.S. consumer prices.
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The mainstream media isn’t exactly going easy on Donald Trump. America’s top newspapers have subjected him to plenty of critical coverage. But scrutiny of the ex-president has tended to focus on his myriad legal woes, incendiary statements, and plans for corrupting federal law enforcement. This isn’t surprising, since the prospect of a convicted felon-in-chief turning the Justice Department into his personal detective agency is a bit more interesting than a Republican candidate campaigning on bad economic ideas. Given that inflation is the American electorate’s top concern, however, the fact that Trump is campaigning on a comprehensive plan for making stuff more expensive should really be getting more attention.
Alas, it is hard to get people to explain something to the public when their next round of upper-class tax cuts depends on them not understanding it.