Both US and European policymakers have misdiagnosed what ails the global economy. It is not a short-run, cyclical problem curable with textbook Keynesian stimuli (and exotics like quantitative easing). Rather, it is a long-term structural disequilibrium caused by chronic trade imbalances — the result, in turn, of manipulated currencies, mercantilist practices and poorly negotiated trade deals. Enter, stage centre, Donald Trump.
美国和欧洲的政策制定者都错判了manbetx app苹果 manbetx20客户端下载 的困境。它并非一个通过教科书般的凯恩斯式manbetx20客户端下载 刺激（以及量化宽松等不寻常举措）就能解决的短期周期性问题，而是一个因长期贸易失衡导致的长期结构性失衡，而长期贸易失衡是汇率操纵、重商主义惯例和谈判糟糕的贸易协议的结果。唐纳德•特朗普(Donald Trump)站到了舞台中央。
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