Summary
Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.
Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in “$1 trillion” and spur U.S. manufacturing.
When asked about a pain threshold for Americans, he called the question “so stupid,” arguing economic “medicine” was necessary to reverse decades of “stupid leadership.”
He insisted the strategy would make the U.S. “solid and strong again.”
I’ve very recently also seen this.
Basically uh, yeah, that tracks, that seems completely inline with the rest of how completely ridiculous this all is.
So… why haven’t the books been withdrawn?
Because academia, academics, … they regulate and peer review Journals. Published papers. Textbooks used in classes.
Not books designed for popular consumption, pop-econ, pop-psych, pop-whatever.
Why hasn’t he been rejected by the Econ community?
Ironically, because of the nature of the incentive structure of the field of Econ.
Way, waaay too much overlap with politics and business, so its basically split into psuedo religious ideological camps, who often realize they can make way more money or have may more power by working for a hedge fund or being some kind of propogandist.
So… in that sense… the academic Econ community rarely is even capable of coming out as a unified body of academics and rejecting someone. There are too many different ideological camps, they’re all arguing with each other all the time.
There is no broad consenus view as there is with say all climate scientists saying climate change is real, all biologists and archaeologists and geologists saying evolution is real and the earth is 4.5b years old.
But with Navvaro… he apparently hasn’t done much or any really groundbreaking research, spent about two or three decades teaching, and during that time he realized he could make way more money selling pop-econ books to people who want to be able to argue about Econ to support their ideology without actually learning Econ.
You know, pretentious blowhards.
Anyway he also went to jail for Contempt of Congress for lying to the Jan 6th committee.
He is an absolute hack fraud at this point.
So there, me with a BSc. in Econ, I’m calling him out rofl.
Thanks for your answer, I have a Masters, but in a medical field, and there’s no way that kind of fraud could fly in my world. I appreciate your time and insight :)
No problem!
But uh… I dunno exactly what your masters in the medical field is, but the medical field is also absolutely chalk full of people with sometimes real, legit degrees and sometimes absolute bullshit ones like chiropracty and naturopathy…
Who routinely publish pop-medical books oriented toward the general public, using their official credentials for clout, often promoting dubious or utterly false and dangerous misinformation.
Yout field is not immune… though yes, there generally is a better unified official condemnation… but only after a certain person has reached a certain level of popularity/infamy, and the seeds of nonsense have already been sewn.
Then the official condemnation is seen as censoring heroic truth warriors and the conspiracy theories abound.
I’m in Australia, and I don’t see much of what you are suggesting is rampant. Yes, it happens, but there’s no way a charlatan like Peter Navarro would have risen to advisor to our political leaders without having been called out long before. Certainly, policy based on his fraudulent claims would have been tarred and feathered and ridden out of town.
Ah.
I am American.
I live in hell.
We have a much broader problem of corrupt grifters in… basically everything, at every level of society.
=[
Sorry for doing the American thing and assuming you are also American.
No problem at all. In more normal times, you’d be correct to do so. There’s a saying to the effect that when America sneezes, the rest of the world catches a cold. Basically, we’re all in this boat, hence the interest from off shore. Our Stock market lost billions today, for example… I’m watching with great interest, and just wish there was more I could do. Best wishes to you and every American who is sane :)