Fall of the American Empire

On Monday June 18, 2018, Paul Krugman wrote an Editorial in the New York Times, that indicated that Trump is the bringing about the Fall of the American Empire.  Mr. Krugman is a bit behind the times.  The beginning of the Fall of the American Empire began our myopic vision and entry into Vietnam and with the Creation of the OPEC and their use of oil to blackmail the US into terrible Policy positions. 

The Economic Failure of US Economists to understand what was really going on in the economy and the folly of Vietnam by the time Reagan rolled around with his "Revolution" the US was already in decline and had to be propped up by massive debt.

The Supply-siders, Those that thought if you borrowed money and pumped it into the economy (Supply) that the engines of the Economy would power up and  just merrily roll along as if the debt was not there.  That was the 70's and early 80's.  During the Clinton and the Obama second term the deficit was brought down but then time ran out and the Republican Warriors gained office and ran the Debt right back up. 

Trump is trying to be Reagan but does not have the staff that Reagan or the lack of a huge Debt to deal with at the beginning of his Term.  Trumps knows about as much about the economy as the average Citizen of the US does, which is not much

So here we are when there is not much hope of getting an intelligent Administration put together, stuck with a President that is as Krugman described, "trashing the things that made us great, turning us into just another bully — one whose bullying will be far less effective than he imagines."

But what are we to do about Trump, or for that matter the destructive ignorance of the People of the US about Economics.