Two Moves To Unleash An Economic Boom

I attended a non-political meeting yesterday. Somehow, the discussion turned to two statements Donald Trump had floated over the last several weeks.

He has suggested there might be an effort to eliminate the income tax and rely solely upon tariffs for generating revenue.

And he said he is considering a return to the gold standard for the US dollar.

The opinion expressed yesterday was that these two moves combined would unleash high levels of economic growth. It would be a veritable economic boom. Of course, effecting these measures would require political will on the part of the president and Congress.

This would be happening, however, when the stock market is severely overvalued; and when enormous amounts of artificial stimulus to the economy by the federal government is being withdrawn. It should be interesting times.