When the Invisible Hand is Throttled
Trump, a Curious Tale — when the ego becomes a macroeconomic risk
In American economic history, 15 percent is not an ordinary number.
It appears after collapse —
a deep contraction,
then a reflexive rebound.
A survival instinct.
But in Mr. Trump’s vocabulary, 15 percent is not the consequence of crisis.
It is the product of will. [1]