I’ve posted several times about what a disaster it will be to have an economic ignoramus and serial liar in charge if we have a panic in the markets. The markets run on credibility, and he’s about the least credible person on the planet. He actually likes it that way; unpredictability is a feature, not a bug, in his administration.
But here’s some good news: Trump’s lack of knowledge and principles will actually help if we fall into a recession. He won’t share his party’s loathing for stimulus and soft money. He won’t try to sell us on expansionary austerity. He’ll just demand immediate action from Congress, and Ryan and his Austrian friends won’t be there to stop him. And so, we’re likely to get the stimulus we need in spite of the GOP’s abysmal record during the Great Recession.