In September, Donald Trump made an impassioned defense of the dollar’s status as the world’s reserve currency: “If we lost the dollar as the world currency, I think that would be the equivalent of losing a war.”
A second Trump presidency is likely to unleash an explosion of economic growth that could surprise financial markets and officials at the Federal Reserve.
Of the misstatements that went unchecked in last week’s presidential debate, perhaps the most remarkable was Kamala Harris’s assertion that “Donald Trump left us the worst unemployment since the Great Depression.” President Biden argued similarly in his debate. “Look at what . . . Trump left me,” he complained. An economy “in free fall.”
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