Source: Paul Krugman
by Paul Krugman
“Trump hasn’t made a rational argument for lower interest rates. Instead, he seems to believe that rate cuts should be his reward for overseeing a ‘hot’ economy – like a third-grader given a gold star for acing a quiz. Understanding that this makes no sense, Trump’s economy-policy minions have converged on a different, ostensibly more economically rational reason to cut interest rates: AI.” (02/10/26)
https://paulkrugman.substack.com/p/no-ai-doesnt-justify-lower-interest