In his Monday New York Times column, Paul Krugman noted that personal depths to which the GOP candidates have sunk has completed obscured the fact that the only substantial policy debate they had last week -- between Donald Trump and Mitt Romney -- amounted to total "nonsense."
Krugman noted that before being "aghast" at Trump's ignorance of how international trade and finance work during this campaign cycle, Romney praised him as having an "extraordinary ability to understand how our economy works" in 2012. Moreover, the very thing that left Romney "aghast" -- Trump's suppport of de facto trade tariffs -- were exactly what Romney was promising when running for president.
Another problem is that Trump's birther predilections are rearing their ugly head, as his discussion of the Fed indicated:
Did I mention that Mr. Trump wants to see rates rise? Not only that, but he’s a full-on conspiracy theorist, declaring that Janet Yellen, the Fed’s chairperson, is keeping interest rates down as a favor to President Obama, who “wants to be out playing golf a year from now” ...
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