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Saturday, May 13, 2017

Where to begin: This man is dillusional.

E:But beyond that it’s OK if the tax plan increases the deficit?
T:It is OK, because it won’t increase it for long. You may have two years where you’ll…you understand the expression “prime the pump”?
T:We have to prime the pump.
E:It’s very Keynesian.
T:We’re the highest-taxed nation in the world. Have you heard that expression before, for this particular type of an event?
E:Priming the pump?
T:Yeah, have you heard it?
T:Have you heard that expression used before? Because I haven’t heard it. I mean, I just…I came up with it a couple of days ago and I thought it was good. It’s what you have to do.
T:Yeah, what you have to do is you have to put something in before you can get something out.
Mr Mnuchin: And as we talked about, economic growth under the Trump administration could increase revenues as much as $2trn over the ten-year period of time. So priming the pump in the short term leads to growth.

Q&ATranscript: Interview with Donald Trump

The Economist talks to the President of the United States about economic policy

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