Trump

Some Thoughts on Trump, Free Trade, and Horses

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A friend sent a link to a leaked, recorded conversation between Trump and Wilbur Ross, his nominee for Commerce Secretary. There is nothing particularly troubling in the conversation. Trump is talking like Trump. He is the same person in public and in private, which is nice.

I responded:

Sounds good to me.   A tariff is a consumption tax collected at the port of entry.   The American founders expected to fund the operations of the national government with revenue from a tariff, and it worked.   He is also right that the Japanese and other countries use safety regulations as non-tariff import barriers.   There is nothing bad on here at all.  

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The Crazy Years 21st Century Style

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I honestly thought that once the election was done and Donald Trump duly sworn into the highest office in the land that those whose favored candidate lost would calm the heck down. You know, sort of the way that those of us whose chosen candidate lost in 2012… you know, disappointed but sporting about it. We went home, sniffled a little as we communed via the internet with equally disappointed friends, assumed the fetal position and turned the electric blanket onto “high” and got over it in a week or so. That’s the way the constitutionally-mandated cookie crumbles. The day after the election, I assumed that Hillary and Bernie voters would have had the maturity to do the same; morn a little, snivel a little, write editorials in the national media-of-record rationalizing their unfortunate reversals, perhaps throwing a little blame against whomever, and then pull themselves together and put as good a face on it as they could muster, promising to do better in 2020.

Nope; the march of the disappointed pussy-hatters the very next day, riots and protests in deep blue cities, the absolute frothing at the mouth Trump-hate at the Oscars and on the national news broadcasts, the impassioned print editorials, the ranting, raving, stompy-footing, the mass-defriending and insanely hateful rants on Facebook: Trump is a Nazi-fascist-anti-Semitic-racist-who-pulls-tags-off-mattresses and trips old ladies hobbling along on canes, and so is everyone who voted for him. Yes, over the last few years, we have kind of gotten the idea that the Ruling Class; the bi-coastal comfortable and well-connected (including the intelligentsia, the national media and bureaucracy) were contemptuous of the ordinary working and middle class residents of Flyoverlandia. Now we know for a certainty that those who form the coalition of the Ruling Class and many who aspire to be a member of that Class in good standing despise us. They despise us with a passion and fury that renders them incoherent, and unashamed of displaying that hatred.

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“More Trump”

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Assistant Village Idiot:

Consequently, the standard for avoiding mistakes is now the same for you as you have been applying to others for your whole career. When accusing Trump of making some inaccurate statement, if you get that wrong once it outweighs nine times that you got it right. And, just between you and me and the lampost, you aren’t close to getting it right 90% of the time just now. so in the minds of the public, you are digging yourself in deeper and deeper. Fresh examples are best. There was a lot of excitement this past weekend about Trump claiming something had gone wrong in Sweden, but there hadn’t been any big incident that anyone could recognise. When I first read it, I thought What the hell is Trump talking about there? I thought the story plausible, because Trump does stuff like this. Then I saw the transcript, and without even knowing the rest of the story, I thought Unh, there’s some window there. It’s a little clumsy in the wording, but he could be talking about events in general in Sweden, maybe an “Every Friday night…” You shouldn’t try to slam dunk these, because they keep hitting off the rim. So when I read the full response, that Trump had watched Tucker Carlson on the news Friday with a story about the increase in rape and violence in Sweden due to immigration, it made entire sense.
 
The people who always believe you – the people who will believe any bad thing about Trump (and his minions – don’t forget his minions) will throw up their hands, roll their eyes and say “Aw come on, that’s a ridiculous excuse. You got caught out, you old windbag. Don’t try to bring that crap in here.” Except it’s not ridiculous at all. That’s exactly how Trump talks, and how he thinks. He’s been talking like this for years. His claim is entirely plausible. It not only could be true, so you can’t get your slam dunk, it is actually the most likely thing that happened. Because why the hell else would Sweden suddenly occur to him? The news story was in his stew, it bubbled to the top, and he spooned it.
 
Net result: Your pals, no change. They still don’t believe Trump but even if he had some sort of definite proof they would just scowl and wait for the next time. (We’ll get him next time.) Trump’s pals, no change. Even if you had proof they’d just shrug it off. People in the middle, that one-third of the population, most will now remember They lied about Trump again, about something really small and pointless like it was a big deal. Maybe a few will think you scored a point, but also notice that it doesn’t much matter. Small potatoes. So now you need to catch him nine times, without a miss, to make up for it. Welcome to the world you made. How does it feel to be on the receiving end?
 
Remember the first rule of holes.

Worth reading in full.

Shaking the Tyrant’s Bloody Hand

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Please read this piece, from the excellent Mauldin Economics page, entitled Something Rotten in the State of Russia. It shows the many profound problems besetting the Russian state.

That horrible, horrible man, Putin, is indeed horrible.

But how dangerous is Putin to the USA? Or to our allies?

Putin presides over a crumbling country.

Meanwhile Trump, who some believe is under Putin’s control, is focused on driving down oil and gas prices and pushing NATO to increase defense spending, both of which are hard blows to Russia. Trump is also promoting pro-growth policies which will help fund a military buildup and modernization.

Russia has no prayer of matching this.

Putin has real problems, with no real solutions.

Trump is confronting Putin with challenges he cannot overcome, which will only grow worse over time.

The idea that Russia is capable of embarking on a new Cold War against the United States is laughable.

Russia is only considered to be a country of the first rank because of its nuclear arsenal. But that arsenal is useless, other than as a deterrent to invasion, or as a way to commit suicide. No one is going to invade Russia any time soon. More importantly, Putin and his cronies are not suicidal. Putin may even be the richest man in the world. Putin and his posse have a nice life, and a lot to lose. They likely want to enjoy the benefits of their despotism in peace, not see their dachas reduced to radioactive ash.

(Further, the Russian nuclear arsenal may be of diminished value if, as expected, Trump pushes forward on missile defense.)

China is a rising power; Russia is a declining power, even a dying power. Russia is a menace to its neighbors; Islamic Terrorism is a menace around the world.

China is the long term challenge, Islamic Terrorism is the acute, immediate challenge, to the USA and its allies. Russia faces a long-term threat from China, which seems destined to simply overrun the entirety of Asiatic Russia. Russia is also threatened by Islamic terrorism. The USA and Russia face the same serious threats.

Russia should be aligned with the USA with regard to both China and Islamic terrorism.

The current situation is absurd and should be resolved.

This does not mean the USA will become “friends” with Putin, or the Russians.

We will not trust Putin or the Russians.

We will not be allies, beyond allies of convenience, case by case, with Putin or the Russians.

We will not have shared values with Putin or the Russians.

We will simply recognize important common interests, including ramping down the hostility between our countries, cooperating where it is mutually beneficial to do so, and focusing on more important, mutual threats and challenges.

There is plenty of room for a deal here.

Nixon shook Mao’s hand, a hand dripping with the blood of 65 million victims.

FDR shook Stalin’s hand, a hand dripping with the blood of 50 million victims.

Trump will do what is best for the peace, prosperity and security of the United States.

That will likely include shaking the tyrant’s bloody hand.

The Revolt Against the Experts

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‘Trump makes sense to a grocery store owner’

Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts
 
After predicting the 2008 economic crisis, the Brexit vote, the U.S. presidential election and other events correctly, Nassim Nicholas Taleb, author of the Incerto series on global uncertainties, which includes The Black Swan: The Impact of the Highly Improbable, is seen as something of a maverick and an oracle. Equally, the economist-mathematician has been criticised for advocating a “dumbing down” of the economic system, and his reasoning for U.S. President Donald Trump and global populist movements. In an interview in Jaipur, Taleb explains why he thinks the world is seeing a “global riot against pseudo-experts”.

Taleb has a typically thoughtful and contrary take on Trump’s electoral victory. Worth reading in full.

(Via Peter Saint-Andre.)