The Economics Conundrum (In My Head) - The Austrian Connection

It's been awhile since my last update on this topic. I'm not sure I've made that much headway since then, thus "conundrum" still applies. For those new to this, here are the installments up till now:

August 20

August 11

August 7

July 31

July 7

June 30

June 21

The point of my efforts here seems to be to locate resources that help explain President Trump's mysterious economics. I say "mysterious" because nobody seems able to explain his thinking. Plenty of people criticize him and many fear monger over what he does, but so far I have found only one source that seems to claim a favorable understanding of his economic agenda.

That resource, as I have said before, is the YouTube channel Promethean Updates.

Another resource that I have been attempting to use is the Naomi Klein book TheShock Doctrine, The Rise of Disaster Capitalism, which traces the effects of Milton Friedman of the Chicago school of economics. Klein points out that Friedman's mentor was Friedrich Hayek whose career as an economics expert dates back to the days of Adolph Hitler and Joseph Stalin.

I came across an article this morning that expands on Hayek's work:

Who Controls the Public Mind?

This article contrasts Hayek's "old world economics" against the dominant theories of John Maynard Keynes otherwise known as Keynesian economics.

So the two primary competing economics theories are Friedman's classical liberalism known as Laissez-faire economics - or capitalism - and Keynes's Keynesian economics - centralized government control of money.

So just where in this maze of economics theory does Donald Trump fit in? Great question! That's my conundrum. I'll keep at it. Maybe the answers will reveal themselves eventually. As always, I am looking for answers in layman's language, not in economics jargon. I am a simple man.

Politics of the Shutdown:

EXPOSED: Dems Master Plan to Destroy Trump Coalition in 2026