“Sounds a Lot Like Trump”: Economists’ Reactions to Warren’s Economic Policies

Over at the Peterson Institute, there is a rundown of Elizabeth Warren’s “A Plan for Economic Patriotism.” You can read the analysis for yourself here, but I wanted to point out three things that jumped out at me:

  • The comparison to Trump (see the photo above).
  • The number of “Good idea, but…”
  • Almost every potentially positive policy devolves into protectionist nonsense.

Let me first start with the exception: her training programs. As America becomes more globalized–both through trade and immigration–more training for American workers displaced by global competition might be necessary.

Now, let’s take a look at her proposed Department of Economic Development:

See what happened there? A potentially good idea turned into a protectionist dumpster fire. How about her R&D policies?

Yet another potentially good idea likely squandered by the protectionist slant. And then there are her straight-up awful ideas:

I’ve pointed out the similarities between the economics of Trump and Sanders before. It appears the populist impulse is even more widespread among American politicians.

God help us.

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