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Fabius Minarchus's avatar

Perhaps the biggest danger is from the fact that Trump isn't completely populist. He still likes Santa Claus tax cuts, even though we are running astronomical deficits. The old populist right knew that deficit spending is a subsidy for oligarchs. Trump needs some nudging, but few are out to tell the unpleasant truth.

(Pressure to import taxpayers will continue as long as we run gigantic deficits without adulting into the knowledge that we need government cuts and tax increases.)

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Fred Singer's avatar

Well, Michael, we'll know in a week. An undisputable win is what we need. Ambiguity could lead to chaos. Rome emerged stronger under Augustus after a century of instability, but the zealously guarded Republic was dead. Anything is possible.

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