Bill Gross: 'A Lot of Voodoo' in Trump's Tax Policies

The video discusses Trump economics, focusing on criticisms by Larry Summers regarding tax cuts and voodoo economics. It explores the potential global impact of Trump's policies on debt and financial stability, highlighting concerns about dollar-denominated debt in emerging markets. The video also examines Trump's trade policy and its influence on corporations, drawing parallels to historical government control. Finally, it addresses the Federal Reserve's role under Trump, advocating for a return to normal interest rates to encourage savings and investment.

What term did Lawrence Summers use to describe the economic policies of Trump advisors?

• Economic Liberalism

• Economic Darwinism

• Economic Creationism

• Economic Realism

What was the outcome of repatriated money during the Bush administration?

• Funded infrastructure projects

• Boosted small businesses

• Used for stock buybacks and mergers

• Increased public investment

What is a potential risk of Trump economics on the global stage?

• Reduction in global debt

• Destabilization of the international financial system

• Increased global trade

• Strengthening of emerging markets

What is the concern regarding dollar-denominated debt in emerging markets?

• It will decrease investment opportunities

• It will become harder to repay if the dollar strengthens

• It will lead to increased inflation

• It will stabilize the financial system

What historical figure's policies are compared to Trump's trade policies?

• Benito Mussolini

• Franklin D. Roosevelt

• Winston Churchill

• Napoleon Bonaparte

What is one of the potential changes in the Federal Reserve under Trump's presidency?

• Maintaining current interest rates

• Eliminating interest rates

• Raising interest rates to normal levels

• Lowering interest rates

What is a potential third mandate for the Federal Reserve under Trump?

• Supporting technological innovation

• Ensuring environmental sustainability

• Acting as a political punching bag

• Promoting international trade