Trump is an orthodox merchant of chaos there is no doubt of that. However, confusion and uncertainty is always the momentary reaction to significant change. The problem is we don’t recognize the change that needs to be accomplished. Instead of mistaken, wrong headed and ham handed messing with the anomalies of the current paradigm that needs to change you find the key/core applied concept that will resolve the current paradigm’s problems. That new paradigm is strategic Monetary Gifting that breaks up the monopoly monetary paradigm for the creation and distribution of new money AKA Debt Only that the private banking system has wielded since the first day of human civilization. Simply initiate a supplemental version of the same accounting process the banks utilize to create all new money (equal debits and credits that sum to zero) with a 50% Discount/Rebate policy at retail sale and everyone’s purchasing power is immediately and continuously doubled while chronic erosive inflation is transformed into beneficial price and asset deflation. Of course, even though the above single policy would reduce the rate of increase of private debt by 75%, because “free” market theoretics is a delusional framework for slow motion chaos and instability you’ll have to further regulate/bring order out of that lose end by ending the kind of “innovation”/idiocy that brought us 2008, but thats just the reognition that economics is a complex system and we learn by doing as Aristotle said…particularly by learning from mistakes.

HM: With a significant structural trade deficit – ironically thanks to a US-inspired neoliberal ideology – the only way to maintain a positive balance in the non govt sector, or at least minimise the size of the negative balance in the form of dissaving is to substantially increase the fiscal deficit. If we don’t learn the lesson from Godley’s sectoral balance analysis then our future will be one of a severe debt deflation.

Me: Correct because a deficit is actually what? Thats right a form of monetary gifting, except a government deficit is indirect and not as widely beneficial as a 50% Discount/Rebate at retail sale. Also, unlike a 50% Discount at retail sale a deficit also doesn’t terminatedly deal with the fact that due to the fetish of “free” market theoretics commercial agents are free to game and inflate away the purchasing power of that deficit.