He became one of my favorite blogs during the election. Even when I disagree with him, I like his thought process.
Dilbert bump
Creating assets out of nothing?
Isn’t that what the Fed Reserve does?...........
Economic well-being depends on faith in the system - and the direction in which things are moving. Get Obama out of the chair in the Oval Office and replace him with an unabashed Capitalist, and you dramatically increase faith in the direction things are going. Follow up with not just rhetoric, but E.O.s that authorize pipelines and drilling, and with Congressional Review Act legislation that wipes out economically-harmful regulations, and now you’re cooking with gas. Follow this all up with tax cuts and shrinking the role of the feds in our economy, and its off to the races.
On foreign affairs, a similar metric is at work - the direction of things is important, and verified by actions. Trump dumping on Syria and Chitholeistan a couple of weeks back worked wonders for bumping up his credibility, as did moving a lot of assets toward North Korea. Now a deal on important matters is much more likely to be concluded, and concluded on a favorable basis to the US.