Source: Ludwig von Mises Institute
by Douglas E French
“Donald Trump told Politico’s Dasha Burns that he gives the US economy an A+++++. He posted on Truth Social, ‘When will I get credit for having created, with No Inflation, perhaps the Greatest Economy in the History of our Country?’ Herbert Hoover had the same view back in 1930. In his book 1929, Andrew Ross Sorkin points out that Hoover used every press conference to convince people the post crash economy was better than people thought. … Hoover said the very high 16 percent unemployment rate was deceptive. Trump would have called it a ‘hoax,’ as he calls continued price inflation a hoax. Jimmy Carter telling us to turn down our thermostats comes to mind when Trump says kids don’t need 37 pencils or 37 dolls for Christmas.” (12/15/25)