How will Trump stop inflation and rising federal debt?

[Matt Collins]

What is Trump's plan to lower inflation and reduce the government's debt?

 

[CaptUSA]

 

[acptulsa]

Simple. Keep destroying the FRN until it crashes, then force people into a CBDC with AI Social Credit software which can steal your money if it thinks you criticised Trump.

 

[Invisible Man]

What is Trump's plan to lower inflation and reduce the government's debt?

To the extent that he has any plan for that at all, it's summed up in one word. Tariffs.

It should be pointed out that Trump himself bears more responsibility than any other single person for the high inflation that we have experienced over the past 3 years due to his record breaking deficit spending in 2020.

 

[CaptUSA]

To the extent that he has any plan for that at all, it's summed up in one word. Tariffs.

It should be pointed out that Trump himself bears more responsibility than any other single person for the high inflation that we have experienced over the past 3 years due to his record breaking deficit spending in 2020.

Yeah, Ron Paul used to say he wished he could repeal 1913... I think we can add 2020 to that list.

 

[acptulsa]

Yeah, Ron Paul used to say he wished he could repeal 1913... I think we can add 2020 to that list.

Repealing 1913 would be better, but even repealing 1971 would have nipped this in the bud.

 

[Snowball]

He said he wants to drill the Arctic National Wildlife Reserve to fight inflation.

That's about it.

 

[PAF]

[MENTION=991]Matt Collins[/MENTION] ,

I think autocorrect messed up a couple of the words in the title. Can you please edit it? You can copy/paste the following, I checked it for accuracy:

"How will Trump increase inflation and raise federal debt?"

 

[TheTexan]

Inflation wouldn't happen under Trump. People would have too much respect for America to even try to inflate the dollar. Trump would shut that shit down

 

[fisharmor]

It should be pointed out that Trump himself bears more responsibility than any other single person for the high inflation that we have experienced over the past 3 years due to his record breaking deficit spending in 2020.

But I do point that out, at every opportunity, solicitations be damned.
And nobody wants to hear it.
It's all Biden's fault. Trump will fix it.

Swordy, that's your queue.

 

[CCTelander]

Multi-trillion dollar deficits and happy thoughts?

 

[spudea]

#1. The opposite of price controls. I.E. a competitive market economy with less government control and less regulations. Already proven during his presidency.
#2. He already had historically below average inflation during his presidency 2017-2020. Thus a proven record.
#3. Every single year the Trump Whitehouse proposed a budget that reduced spending and balanced within 10 years. It's up to congress to approve the budget.
#4. Speaking of congress, conservative Republicans have more numbers and have more influence than at any time in our lives, owed to a small part thanks to Donald Trump, he helped ridicule and retire several big spending republicans, a la John McCain types. And supporting several Freedom Caucus members. Meanwhile, swamplican Rand Paul endorsed Mitch McConnell multiple times.
#5. The off budget items like foreign policy and wars were being reduced dramatically and Trump was hated for it by the Democrats and Neocons.

These things happened, and can happen again with more support in Congress. Don't waste your breath and @ me with your laundry list of grievances with Trump, I don't need to read it for the thousandth time.

 

[TheCount]

It's all Biden's fault. Trump will fix it.

Some more gas pump stickers are probably in order

 

[acptulsa]

#2. He already had historically below average inflation during his presidency 2017-2020. Thus a proven record.

Then in his last year he broke our backs by simultaneously shutting down the economy and borrowing eight trillion dollars, putting us in a hyperinflationary spiral. Just like any other petulant employee who thinks he's about to be fired and tosses a monkey wrench into the works.

#5. The off budget items like foreign policy and wars were being reduced dramatically and Trump was hated for it by the Democrats and Neocons.

And yet he not only made the current wars possible by increasing "defense" spending, he hexed the Pentagon by creating a sixth branch of military to waste our money in space.

 

[oyarde]

What is Trump's plan to lower inflation and reduce the government's debt?

Besides energy I doubt a plan exists, I also doubt in yer lifetimes Presidents , presidential candidates outside of Ike , Goldwater and Ron Paul even understand inflation. Watever Trump does or doesnt do it wont be as bad for inflation as kamalas trillions added to debt for social welfare programs and tax increases wile jobs flee overseas.

 

[PAF]

Then in his last year he broke our backs by simultaneously shutting down the economy and borrowing eight trillion dollars, putting us in a hyperinflationary spiral. Just like any other petulant employee who thinks he's about to be fired and tosses a monkey wrench into the works.

And yet he not only made the current wars possible by increasing "defense" spending, he hexed the Pentagon by creating a sixth branch of military to waste our money in space.

But that was only done in one single night when Covid was announced, so that doesn't count.

It had nothing to do with all of the planning since 2016 when Pfizer gave him $1,000,000 for his inauguration event and they received 4 tickets to the Senate Round Table in return. Or Crimson Contagion that happened Jan 2019 which he was part of. Or during the several year planning discussions to implement Operation Warp Speed, using DARPA, DOD, and BARDA which served as the financial interface between the U.S. federal government and the biomedical industry.

No. Even with all of his "business experience", it happened "overnight", after taking the wrong "advice", and was just a "mistake". Plus, it was "Covid", and "nobody knew".

These things happened, and can happen again with more support in Congress.

 

[PAF]

#1. The opposite of price controls. I.E. a competitive market economy with less government control and less regulations.

Hey, you're trying to trick me!

Opposite of price controls and less regulation doesn't require government contracts and a PREP Act to protect/immune against liability. To me that's sort of like protectionism. Don't you think?

#2. He already had historically below average inflation during his presidency 2017-2020. Thus a proven record.

Here's an interesting article:

Mises Wire: Inverted, Recessed, and Hung Out to Dry

"However, please note that many Austrian economists, including myself, were anticipating a severe recession in 2020 and that anticipation was made mute by the government’s Covid response, which injected trillions of government spending and trillions of increases in money and credit by the Federal Reserve. In other words, there may have been a substantial recession or depression had Covid not mysteriously appeared at that precise time."​

#3. Every single year the Trump Whitehouse proposed a budget that reduced spending and balanced within 10 years. It's up to congress to approve the budget.

Yet he never vetoed anything but instead signed his name along the dotted lines. I don't ever recall him 'splaining to his base why the bills were so bad so that they could contact their reps to put pressure on them. I do recall him smiling every time he picked up his Presidential Pen.

#4. thanks to Donald Trump, he helped ridicule... And supporting several Freedom Caucus members. Meanwhile, swamplican Rand Paul endorsed Mitch McConnell

I don't where you've been, but I vividly recall Trump threatening Thomas Massie and calling him a 3rd rate grandstander, and then went and actually endorsed Johnson.

#5. The off budget items like foreign policy and wars were being reduced dramatically and Trump was hated for it by the Democrats and Neocons.

On top of what [MENTION=12430]acptulsa[/MENTION] stated in Post #14 which is TRUE, between 2016 and 2020 they were planning/preparing for the global lockdown which required global citizen compliance. They knew once the compliance test was over and the Pharm Complex raked in who-knows-how-much, they could simply resume MIC again, which they did. Trump did manage to squeeze in selling Javelins to Ukraine in 2017 to "prime the pump", for when global citizen compliance was finished.

These things happened, and can happen again with more support in Congress.

 

[Swordsmyth]

What is Trump's plan to lower inflation and reduce the government's debt?

[h=1]Trump Reveals ‘Agenda 47’ Plan: Evokes Long-Lost Executive Power (impoundment)[/h]

 

[Matt Collins]

#1. The opposite of price controls. I.E. a competitive market economy with less government control and less regulations. Already proven during his presidency.

Fair enough. He can only do so much without Congress' approval, but yes, a POTUS can do a lot on this front. Let's see how far he is willing to go in regards to shrinking government, but doing so without creating new Executive powers.

#2. He already had historically below average inflation during his presidency 2017-2020. Thus a proven record.

Maybe, but when he signed the largest spending bill in history, he caused trillions of new dollars to be printed and the highest amount of inflation seen in my life time. That's not good and is a huge red flag.

#3. Every single year the Trump Whitehouse proposed a budget that reduced spending and balanced within 10 years. It's up to congress to approve the budget.

Irrelevant

#4. Speaking of congress, conservative Republicans have more numbers and have more influence than at any time in our lives, owed to a small part thanks to Donald Trump, he helped ridicule and retire several big spending republicans, a la John McCain types. And supporting several Freedom Caucus members. Meanwhile, swamplican Rand Paul endorsed Mitch McConnell multiple times.

Yes and no. Spending didn't go down under Trump, it went up. And while I agree that conservatives in Congress have more power now than ever before, lots of big spending is still getting passed. Has Trump said he is going to cut spending? And if so by how much?

And yeah, Rand shouldn't have endorsed Mitch the vegetable.

#5. The off budget items like foreign policy and wars were being reduced dramatically and Trump was hated for it by the Democrats and Neocons.

I'm not sure about the budget items, but I agree that one area Trump was much better than most was foreign policy. His illegal murder / assassination of the Iranian foreign national was a real problem, but he did a lot of good things regarding foreign relations.

 

[susano]

AFAIK, the only cause of inflation is an increase the money supply. So, does that mean that to reverse inflation the money supply needs to be shrunk? If so, how would one do that? It can't be just tightening credit because the "money" is already out there.

Totally agree about Trump and his signing off the worst increase in debt. I was mortified when it happened because I knew what the result would be.