Trump’s Presidency created optimism for many – those looking for work and investors who expect his infrastructure program will create untold wealth for the entire population. He reinforced that promise in his inaugural address, talking of new roads and highways and bridges, and the wall of course.
Professor Steve Keen is a big supporter of this plan, but believes it’ll fail for one simple reason. The plan is accompanied by a determination to return the budget to surplus, pulling money out of the US economy and countering any benefits from his infrastructure plans.
He talks to Phil Dobbie about his change in attitude to Trump’s administration – and what he think will happen next, including a recession in 2018.