by Craig Wilson
Daily Reckoning
Jim Rickards joined Bloomberg after the 2016 election to speak on the Trump victory and what the US economy should expect from his administration. Rickards takes a deep dive into Donald Trump’s individual policies, the elites, financial regulation and the Federal Reserve with new leadership coming to the White House.
[…] “The problem is, Trump’s individual policies sound attractive. Who doesn’t want better infrastructure? Who doesn’t want stronger defense? But when you add them all up, these are going to be much larger deficits. He is the helicopter money president.”
Rickards pointed out that,“The irony is that for people like Larry Summers and Paul Krugman, while bashing Trump… Trump’s policies are Larry Summers policies. More deficits, fiscal spending, helicopter spending.”