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Monday, August 15, 2016

Economic security

What Donald Trump gets totally right about the economy

Republican presidential nominee Donald Trump gives a thumbs up during his walk through at the Republican National Convention in Cleveland, U.S., July 21, 2016. REUTERS/Rick Wilking
We've had many opportunities recently to question Donald Trump'sdiagnoses and prescriptions for the economy, but there is at least one area he is most making a lot of sense: We should be spending more on infrastructure instead of trying to save more today.
That, at least, is his position the last time I checked. As we've learned, though, these things can change quickly. It was only a few months ago, after all, that he was promising to pay off the entire national debt in eight years. But now he's saying that although "you'd normally like to reduce your debt," the fact that interest rates are so low means that "this is a time to borrow." So much so that he's claiming he'd be able to borrow enough to spend twice as much as Hillary Clinton would on roads, highways, bridges and the like.

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