Stephen Bannon – Nationalist Keynesian
This is president-elect Donald Trump’s Senior Counsel Stephen Bannon:
I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist…
…Like [Andrew] Jackson’s populism, we’re going to build an entirely new political movement….It’s everything related to jobs. The conservatives are going to go crazy. I’m the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it’s the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up. We’re just going to throw it up against the wall and see if it sticks. It will be as exciting as the 1930s, greater than the Reagan revolution — conservatives, plus populists, in an economic nationalist movement.
Something is seriously wrong with a guy saying “as exciting as the 1930s”, but it is yet another confirmation that the Trump administration is likely to pursue rather vulgar Keynesian policies. It can’t be long before Paul Krugman is offered a job in the new Trump administration.