An incredibly simplistic view of economics that is probably not actually be based on reality but resonates with people who have no actual understanding of the related events.
"A couple of days ago, Saudi Arabia said ‘Let's raise the price, let's cut back production,' can you believe it, you're going to be paying five or six dollars a gallon for gasoline pretty soon," Trump said. " They want to raise the price the oil because we have nobody in Washington that sits back and said, ‘You're not going to raise that fucking price." - Donald Trump using Trumponomics to explain the recent rise in oil prices.
An incredibly simplistic view of economics that is probably not actually be based on reality but resonates with people who have no actual understanding of the related events.
"A couple of days ago, Saudi Arabia said ‘Let's raise the price, let's cut back production,' can you believe it, you're going to be paying five or six dollars a gallon for gasoline pretty soon," Trump said. " They want to raise the price the oil because we have nobody in Washington that sits back and said, ‘You're not going to raise that fucking price." - Donald Trump using Trumponomics to explain the recent rise in oil prices.
I'm ready to coin the term Trumpononics: Economic policy proposals, often delivered via tweet or at a large public rally, that appear superficially to benefit working class Americans, despite all objectiveevidence to the contrary, yet are hailed by Trump's supporters as a victory.
Trump supporters cheered after the president's tweet about a 10% tariff on all imported Chinese goods. This is more Trumponomics, as most credible economics believe tariffs such as these will only increase the prices most Americans have to pay for goods.
A branch of dark economics that studies how rogue organizations or charities use tax loopholes and fake or sham practices to benefit the owners and their family members and cronies.
MBA students taking the Trumponomics module never fail to discuss Trump University and Trump Foundation as two classic examples of white-collar crime.