Well Brexit is happening. Dow futures are down big. Could it finally be starting? As a frequent commenter at The American Conservative says "This is more fun than raining pork chops on Mecca"
Like talking protectionism, I see a Brexit yes vote as a good thing. Not because it IS a good thing (the effects of either are not really known) but because it really upsets elites and THAT is a good thing.
That said, I don't think electing Trump is a good thing, even though he affects a style of poking elites in the eye. I have two reasons, first I live here, not in Britain. If Brexit turns out to be really bad (and it could) it will not fall on me and mine. Second is I think Trump is anti-elite. Trump IS an elite, he's a self-proclaimed member of the "billionaire class" who, according to Sanders (who I supported) have rigged the economy against the working man. Clinton is ALSO an elite. However, Clinton is a constrained elite, Trump is unconstrained. When faced with an issue Clinton will respond with one of the policy options outlined in her many white papers. When Trump is faced with an issue outside of the two or three issues he has talking about he will reach into the bag of standard Republican policies, which will give him a choice of bad and disastrous policies. A conventional Republican will always choose the bad policy, never the disastrous ones. Trump will probably choose randomly, and that is worrying.
For example suppose president Trump is faced with a financial crisis, Included in his policy bag with things like bailouts and tax cuts, and modest stimulus is this:
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life...When the people get an inflation brainstorm, the only way to get it out of their blood is to let it collapse...even a panic is not altogether a bad thing.
The last establishment Republican to do this was Secretary Mellon under Harding. Hoover tried a "kinder, gentler" version of it which led to disaster. Since then no establishment Republican has ever used it. But it is still in the bag, and it has a contingent of noisy advocates. A president Trump could pull this one out. Should he do this, it will just be more pork chops, but this time they will be raining on us.
Like talking protectionism, I see a Brexit yes vote as a good thing. Not because it IS a good thing (the effects of either are not really known) but because it really upsets elites and THAT is a good thing.
That said, I don't think electing Trump is a good thing, even though he affects a style of poking elites in the eye. I have two reasons, first I live here, not in Britain. If Brexit turns out to be really bad (and it could) it will not fall on me and mine. Second is I think Trump is anti-elite. Trump IS an elite, he's a self-proclaimed member of the "billionaire class" who, according to Sanders (who I supported) have rigged the economy against the working man. Clinton is ALSO an elite. However, Clinton is a constrained elite, Trump is unconstrained. When faced with an issue Clinton will respond with one of the policy options outlined in her many white papers. When Trump is faced with an issue outside of the two or three issues he has talking about he will reach into the bag of standard Republican policies, which will give him a choice of bad and disastrous policies. A conventional Republican will always choose the bad policy, never the disastrous ones. Trump will probably choose randomly, and that is worrying.
For example suppose president Trump is faced with a financial crisis, Included in his policy bag with things like bailouts and tax cuts, and modest stimulus is this:
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life...When the people get an inflation brainstorm, the only way to get it out of their blood is to let it collapse...even a panic is not altogether a bad thing.
The last establishment Republican to do this was Secretary Mellon under Harding. Hoover tried a "kinder, gentler" version of it which led to disaster. Since then no establishment Republican has ever used it. But it is still in the bag, and it has a contingent of noisy advocates. A president Trump could pull this one out. Should he do this, it will just be more pork chops, but this time they will be raining on us.