This is fucking retarded but it's not as retarded as it sounds. We're at a weird place with interest rates. The Fed can paint itself as justified because frankly they should have been easing into these hikes during Obama's second term. In that sense it's not entirely unfair to say Trump is whining about the economy getting its medicine. Wall st isn't main st. We know that. Suppressing markets with sudden corrective measures is arguably responsible.
However, that fucktard economist for the msm, Krugman, was basically wrong at every stepof the way in the last decade. He just licked Obama's asshole and bent over backwards to justify every iteration of money printing for almost a decade. At some point, he actually made a really great argument about justifying QE3 or 4 or whatever.
He basically made Trump's current argument about rates. Where it's not correct to conflate the Fed printing money with keeping rates low, he did that often. And in one of his justifications for near zero rates, he argued that the market itself was defying the raising of rates. He pointed to the bull market and a less than expected rate of inflation and the bond marketed themselves, which Buffet was calling a bubble, were all fighting AGAINST the sensible rate hikes that would prevent inflation from going crazy down the line. Everybody else was mad about Obama era Fed policy juicing the market artificially. He wasn't wrong there. That's a good fucking point.
Wtf is the sensible rate once we're comfortably out of recession? Who the fuck determines that rate? All the gold standard niggers seem to hate the idea of monetary policy at its core, but it's what we do. The argument for Keynesian intervention is still pretty sound. The mechanics absolutely work in the short term and as Keynes lost popularity everybody was always screeching about how "ok but that's enough monetary policy go back to classical and hike rates to responsible levels." But Wtf are those?
Right now Trump is essentially arguing to let the market determine its own rates and not intervene in either direction until there's a clear reason to. I'm not sure that's any particular school of thought, but it's pretty fucking sensible and libertarian without abolishing the usurious Fed and trusting that classical economics won't collapse like it has in the past. I want to audit the fuck out of the Fed, but the gold standard Paul era ranting is fucking insane and needs to be justified. I don't see Trump abolishing the Fed. Reigning them in and forcing transparency would be nice. Crucifying them for playing politics is necessary.
I'm kind of fucking loving Trump's arguments. Q needs to stfu about Gold until someone introduces a workable replacement to current monetary policy. It can happen. Printing money canbe replaced with public works projects and infra. But the other side of the coin would still be raising interest rates or taxes to decrease supply. It's not like we can trust Congress to do that shit.