Donald Trump reacted furiously on Friday after the head of the US central bank spoke about the economic risks of a trade war with China.
The president asked if Federal Reserve chairman Jerome Powell was a greater "enemy" than China's leader Xi Jinping.
It followed a speech in which Mr Powell said trade tensions were hitting the global economy and the Fed didn't have a "rulebook" to deal with the fallout.
On Friday, China imposed new tariffs, with Mr Trump promising retaliation.
What would you expect from central bankers, economists, or the likes of Krugman or Piketty?
Not wanting to disrupt international trade has a long history.
It underwrote the appeasement policies leading up to WWII, although there were also other underlying agendas even then.
Similarly farther back, leading up to WWI. Disrupting trade was considered impossible.
Not wanting to disrupt international trade has a long history.
It underwrote the appeasement policies leading up to WWII, although there were also other underlying agendas even then.
Similarly farther back, leading up to WWI. Disrupting trade was considered impossible.
No comments:
Post a Comment