No, today’s column is not about Trump’s inane protectionism, which is definitely an example of economic illiteracy.
It’s about another area where Trump is copying Joe Biden, channeling Elizabeth Warren, mind-melding with AOC, and acting like Bernie Sanders.
Though it probably is indirectly connected with protectionism.
“Affordability” has become a big issue, in part because Trump’s corrupt and misguided trade taxes have raised the prices of many goods and also made the economy less efficient and productive.
Trump realizes this is a political liability.
But rather than undo his own mistakes, he has chosen to engage in demagoguery. He’s already gone after meatpacking companies.
But that’s just the start. Here’s what he just posted about credit cards and interest rates, augmented by my observations.

Former Congressman Justin Amash is even more irritated by Trump’s big-government approach.
Here’s his tweet on the topic.

He’s right that Trump’s proposed price controls – if enacted – would hurt millions of Americans.
Though I don’t think he’s the “most socialist and economically illiterate president” in the modern era. Nixon was worse, in my not-so-humble opinion, and LBJ, Obama, and Biden also were bad, as were both Bush presidencies.
The way I would categorize him is that Trump is the “most prone to vapid populism” of any president in my lifetime, with Obama perhaps giving him a close race.
I’ll close today’s column by recycling this clip from two years ago. The specific issue being discussed was whether demagogic politicians would restrict late fees on credit card payments, but the negative consequences are similar to what Trump is now proposing.

