Paula Dwyer , Columnist

Trumponomics: Speak Loudly and Carry a Yuge Stick

Faith in markets? No. Independent Fed? Hardly. Sanctity of debt contracts? Ha.

May 10, 2016 at 2:15 PM EDT

Paula Dwyer is a senior editor with the New York editing hub, focusing on daily and long-form enterprise. She was London bureau chief for Businessweek and Washington economics editor for the New York Times, and is a co-author of “Take on the Street: How to Fight for Your Financial Future.

Muscular.
Photographer: Brendan Smialowski/Getty Images

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When it comes to policy ideas, Donald Trump is hard to pin down. Now, though, the outline of a Trump economic theory has started to emerge. It isn’t pretty.

He doesn't place much faith in markets. He doesn't want an independent central bank. His views on currencies and sovereign debt rest on the principle that everything is negotiable, even contracts between creditors and borrowers. His main weapon wouldn't be the rule of law but bullying, especially of corporations that move outside the U.S. for competitive reasons.

Before it’s here, it’s on the Bloomberg Terminal

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