Walter Block: Criticism of Trump’s Economic Policies Has No Basis Whatsoever

Walter Block: Criticism of Trump’s Economic Policies Has No Basis Whatsoever


In his Wall Street Journal column of Oct. 21, Alan S. Blinder fails economics 101. His essay is titled “The Trump ‘Jobs Boom’ Is a Convenient Myth.”

The Princeton economist provides us with a graph of the unemployment rate from November 2010 to February 2020. Why start at that earlier point? Because he wants to show that joblessness has been decreasing for the last ten years, at a rather steady pace, starting in the Obama years, and, at best, Trump has merely continued the pattern.

No big deal; nothing to see here; the much-vaunted expertise of this president simply does not exist. Why end with the second month of 2020? Because he wants to be fair to our president. He realizes that COVID catapulted the unemployment rate and doesn’t want to lay blame for that at Donald’s door. Fair enough.

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However, there are several objections that may be leveled against

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