2 ms·
Economists, in general, tend to have a suffer a bit from "nothing ever happens" syndrome; Trump campaigns on the basis that he will do utterly crazy things, and
by rsynnott 2y ago
Economists, in general, tend to have a suffer a bit from "nothing ever happens" syndrome; Trump campaigns on the basis that he will do utterly crazy things, and the economists largely sit back and go "hahah, yeah, sure you will". And in fairness, _usually_ they're right; politicians who campaign on doing crazy things _rarely_ do so once elected. Rarely, but not never.
You can see this very clearly with Liz Truss; despite both her and Kwarteng being well-known to favour bonkers-economics, her _election_ was kind of greeted with a shrug. It was only after she actually produced her pseudo-budget that people suddenly went "wait, wtf, she's actually doing it?!" and chaos broke out.
Unfortunately, the US may find it significantly more difficult to de-Trump itself than the UK did to eject Truss.