The fundamental identity of macroeconomics -Trumponomics

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June 7th, 2024

You might think that after weeks of reviewing time and again the fundamental identity of macroeconomics that it might be all for naught. Think again.Take a look at a piece “Trumponomics,” written after the presidential election last year, by a well-known business (practictioner) economist.https://www.project-syndicate.org/commentary/achilles-heel-of-trumponomics-by-stephen-s–roach-2016-11What is the author’s core thesis? Is he correct? So under what scenario would “Trumponomics” not be subject to the Achilles’ heel described in the article? Any examples of nations where this might apply? Do you agree that “under Trumponomics it will be exceedingly difficult to make America great again?” Why or why not?Explain your answer supporting and/or countering arguments made in this piece!

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