Now there is nothing historic about Mr. Trump’s making his budget look good by using fantastical assumptions. All presidents perform this theatrical trick. For instance, no president ever projects that the economy will experience a slowdown in the next ten years of the budget window even though, on average, the economy slows down every 7 years.
“The Battle to Feed All of Humanity Is Over. Humanity Has Won” – So writes Marian Tupy.
Alberto Mingardi is rightly dismayed by Pope Francis’s appalling economic ignorance. (I’m not a Roman Catholic – or, indeed, a believer in any religion – but if I were a member of the Pope’s church I would pray fervently that Francis’s knowledge of economics is no reflection of his knowledge of theology.)
The president’s institutional vandalism is partially explained, although not excused, by the breadth and depth of his ignorance concerning the manners and mores of a republic. The Senate’s self-degradation is even more depressing.