Mercantilism was a subject that we touched on a while ago (to see or review that article, click here). However, given the events of the past few weeks, I thought it might be interesting to take another look, under the covers.
In a recent interview I was asked what I thought about the Economic policies of President Trump. I responded that I really couldn’t quite understand his policies given that we live in the 21st century, that we have developed into a global economy and that a hoard of gold is no longer necessary to pump money into the economy since all Central Banks employ a printing press for their fiat system. Then I realized that the current Mercantilistic approach is more about Trump’s ego than a policy, which betters America and Americans.
In the 16th to the 18th Centuries those that both made and influenced economic policy believed that there were winners and losers, with no room in between. Reading Trump’s books, whether written by him or not, you are always clear on his disrespect for the loser in any situation.
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