No. One, it's not believable given the degree to which the Trump administration last go round, over which I overlapped a couple of years, incessantly talked about the market and what it was doing next.
Sanford argues against the credibility of the current administration's view on market volatility, referencing past behavior of the Trump administration.
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We now have a Republican Party that is muted and silent on the issue of a bailout package which is what is being proposed in consequence to the tariffs that the administration itself imposed.
It shows the danger of Donald Trump in my mind, because what it says is somebody as highly elected as Kevin McCarthy will twist himself in knots to stay relevant with the Trump base.
I will take that as a yes, that Milton Friedman was right, that ultimately an important measure toward making government more efficient is, in fact, making it smaller.
Is it optimistic? Are we lulling ourselves to sleep based on forecasts that are relatively benign in what may prove not to be the case?
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