Does Trump favor tighter money or easier money? Neither, he favors teasier money. He likes to tease us with ambiguity.
Here’s what we know so far. He’s a “debt guy” who likes low interest rates. And he’s complaining that the Fed’s low interest rate policy is hurting the economy, or helping Obama, or something.
Ramesh Ponnuru emailed me the following comment after the first debate:
if you didn’t watch it, you missed the part where Trump said our currency is overvalued and then called for an interest-rate hike.