If Barack Obama had done half of what Trump is doing now, Fox News would have been calling for impeachment. Trump has no economic philosophy. He spent $8.2 trillion in his first term and he’s on pace for $9 to $10 trillion in this one. We’re at 100% debt to GDP held by investors — 122% if you count the Fed’s balance sheet. Ray Dalio will tell you those numbers put you in sovereign debt crisis territory. And when that happens, the only way politicians are willing to pay for it is through inflatio