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Podcast: Plain English with Derek Thompson
Episode: What Is Trumponomics? Part 1: How Donald Trump Is Breaking American Capitalism
Description: Today is the first of two interviews this week trying to answer this question: What is Trumponomics?
From the 1980s to the 2010s, it was generally assumed that Republicans and Democrats had settled differences in economic policy. Republicans wanted lower taxes and less spending on welfare. Democrats wanted higher taxes and more social spending.
Reality didn’t always conform to those differences. George H.W. Bush famously raised some taxes, and Bill Clinton famously reduced some welfare spending. But generally speaking, the socialists voted for Democrats and the corporate libertarians and free-market folks found their ho...