If the North Korean situation has calmed down and Pyongyang is really denuclearizing, then President Donald Trump should win the Nobel Peace Prize, even if it just to inflate his ego. Heck, former President Barack Obama bombed several nations, killed thousands, and murdered two U.S. citizens without a trial and still won the Nobel because he said nice things.
But one prominent economist believes Trump should win a Nobel for…economics!
Stephen Moore, a former member of the Wall Street Journal editorial and chief economist at The Heritage Foundation, wrote an op-ed making this very suggestion.
He writes:
After all this time the “resistance” movement is still utterly clueless about Trump, his followers and the appeal of his “America First” agenda. Just why is he “deranged”? Because he is overturning trade deals, pulling the United States out of anti-America climate change treaties, building a wall to keep out undesirables, cutting taxes, slashing regulation and insisting that Europe pay it’s fair share of NATO’s costs.
Well, yes. Guilty as charged. When dismayed reporters ask me why he is doing all these things that are so offensive to the chattering class, my response is almost always the same: “Um, because this is what he promised voters he was going to do. Weren’t you paying attention?”
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And what is the result of all this “chaos” and “mayhem” in the White House that the media is in such a frenzy about? Well, as we learned last week, we now have the lowest number of American workers on unemployment insurance since Neil Armstrong walked on the moon, the biggest manufacturing boom in 14 years, the lowest black unemployment rate ever recorded, and an economy that is growing at 4.4 percent this quarter, on top of 4.2 percent growth last quarter.
The surging Trump economy is arguably the news story of the decade and yet it is covered, if at all, as a ho-hum yawner.
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It is a virtual guarantee that when the economy does start to slow down (alas, booms don’t last forever), The New York Times will gleefully shout: Aha, Donald Trump’s economic policies are a failure!
Yes, there is a bit of chaos and disorder at the White House. Yes, some of the characters that Trump has hired had no business being anywhere near 1600 Pennsylvania Ave. By contrast, Obama had an orderly and statesmanlike White House, and he hired a cadre of highly respected and well-intended people. Yet all of this still produced the worst recovery from a recession since the Great Depression.
The other day I was on a panel with media reporters and I suggested in all seriousness that Donald Trump deserves the 2018 Nobel Prize in Economics. My fellow panelists almost visibly popped a vein in their heads. They ranted and raved about how stupid and dangerous Trump’s policies are. Just who is deranged in this picture?
The only reason Trump should win the Nobel is to see the left become apoplectic and to highlight their hypocrisy. That is it.
Other than that, there is no legitimate reason for Trump to win it: he doesn’t know how trade works, the trade deficits are widening, the national debt is ballooning, and government is growing.
Trump cut taxes (great!), but he never cut spending (bad!)
There are many other more worthy economists around today who should be given a Nobel. And Trump isn’t it.
Friedrich Hayek was right when he warned that the Nobel Prize will be given to economists who do not deserve it (SEE: Friedrich Hayek’s warning on Nobel Prize given to undeserving economists (hint: Paul Krugman)).
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