Wednesday, February 15, 2017

Hands On, Hands Down

Saw my picture in the paper
Read the news round my face
And now some people
Don't want to treat me the same
--Tears for Fears

Ron Paul wonders whether President Trump will react to the next depression like 'hands-off' Harding or like 'hands-on' Hoover/FDR and, really every subsequent president who has had to deal with a major economic downturn.

I'll side with the latter. When the $%^t hits the fan, Trump will want to play economic central planner just as his predecessors.

While Trump has demonstrated during his campaign and during his early time in office that he is about as unpredictable as they come for the Oval Office, that he'll reach for the control panel when things come apart seems a safe bet.

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