"If America resists recession, or if any contraction is mild and brief, it will be in part because of bold technological risk-takers like Musk. And, too, some credit will accrue to a president who is willing to let the private sector lead the ride to the rescue.'
This is not exactly a non sequitur, but it is close. Trump, in 60 days, has had no impact on whether or not to "let the private sector ride to the rescue." The privatization of space has been going on for decades with serious people in both parties "deciding." The rules and regulations, as well as most of the basic science, that gave us orbiting spacecraft that can return to earth, were products of government programs and priorities. This is not to detract from or criticize the accomplishment of SpaceX. It is not to play down the joy and gratitude that we all should feel in the safe return of the astronauts. It is simply to say that Mr. Trump is an ignoramous who should be left out of any serious commentary on economic aspects of the rescue.
In my opinion, the only "ride" that is going on with Trump is his own ride. Any positive developments coming out of his moves so far (and these must be acknowledged) are in spite of his recklessness, not because of his wisdom. He is a revolting individual in every respect. I am sorry to see him on the same screen with pictures of the people who made this happen.
No government subsidy for Mad Musk Mission to Mars.
"If America resists recession, or if any contraction is mild and brief, it will be in part because of bold technological risk-takers like Musk. And, too, some credit will accrue to a president who is willing to let the private sector lead the ride to the rescue.'
This is not exactly a non sequitur, but it is close. Trump, in 60 days, has had no impact on whether or not to "let the private sector ride to the rescue." The privatization of space has been going on for decades with serious people in both parties "deciding." The rules and regulations, as well as most of the basic science, that gave us orbiting spacecraft that can return to earth, were products of government programs and priorities. This is not to detract from or criticize the accomplishment of SpaceX. It is not to play down the joy and gratitude that we all should feel in the safe return of the astronauts. It is simply to say that Mr. Trump is an ignoramous who should be left out of any serious commentary on economic aspects of the rescue.
In my opinion, the only "ride" that is going on with Trump is his own ride. Any positive developments coming out of his moves so far (and these must be acknowledged) are in spite of his recklessness, not because of his wisdom. He is a revolting individual in every respect. I am sorry to see him on the same screen with pictures of the people who made this happen.
The Fed does not fight inflation. It uses electronic blips to create money out of nothing.