caseyresearch.com / Doug Casey / November 11, 2016
Editor’s note: Today, instead of our usual market commentary, we have a brand-new essay for you from Casey Research founder Doug Casey on the election.
Below, Doug explains why Trump came out on top…and, more importantly, what his presidency will mean for America going forward…
The Trump victory is very good news for the US—relative to a win for Hillary, which would have been an unmitigated disaster. So I’m happy he won.
Will Trump winning mean a real change in direction for the US? Unlikely. Don’t mistake Trump for a libertarian. He has all kinds of stupid notions—torture as official policy, killing families of accused terrorists, and putting on import duties. He has no grasp of economics. He’s an authoritarian. His cabinet choices, so far, are all neocons and Deep State hangers-on. He’s likely to treat the US as if it were his 100% owned corporation.
On the bright side, he has real business experience—although of the kind that sees government as a partner. I doubt he’ll try, or be able if he does, to pull up any agencies by the roots. He’ll mainly be able to set the tone, as did Reagan. But, hey, something is better than nothing.
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