OPINION
Trump's Economic Policies More Than Prove Their Worth
By Dick Morris
Tuesday, 01 April 2025 03:54 PM EDT
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'Trumpnomics' Is Working Thomas Carlyle once described economics as a, "dismal science."
Historically, it has forced us to choose between risking recession and taking a chance on inflation. The classic choice of between a rock and a hard place.
The only real remedy to inflation has always been to cut the buying power of the average shopper by slashing wages or destroying jobs.
And the cure for recession has always been to pump money into the economy until too much money pursues too few goods and prices rise.
The market giveth and the market taketh away.
But Trump is exploring another option, one born not from the practical observations of a businessman.
First, however, a bit of history.
When COVID-19 hit in February-March 2020, the economy had to completely shut down.
No one could shop or buy so no one could produce or sell.
We were facing not a slowdown, but death.
To meet the problem, President Donald Trump worked with Congress to pump massive amounts of money into the economy.
Budget deficits topped one trillion per year.
Everyone received a check to create artificial buying power in the hopes of restarting production. It worked.
The massive unemployment we all feared never arrived.
Businesses and households survived by cashing large and continuing government checks.
It was one of the greatest economic rescues in history.
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READ MORE: https://www.newsmax.com/morris/production-stimulus-trumpnomics/2025/03/31/id/1205071/
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