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The Story So Far

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Donald Trump has engineered an unfriendly takeover of the Republican Party. <ost of the GOP leadership is turning away from him in order to bend to the task of preserving its Congressional representation. To explain Trump’s success, Economic Principals has stressed the resemblance of that the 2016 primaries to the run-up to the 1992 election.  Then the shock of Japan’s rapid export growth in the 1980s was a major factor. It combined with fear of big government deficits, and with dissatisfaction with the cost of first Iraq war to produce a self-financing third party candidate, software billionaire H. Ross Perot.