'And even before economic catastrophe strikes, the public may begin paying more attention to his aberrations — and to contagious new counter-narratives that crowd out his own' TuesdayThoughts
‘[Trump] will surely try to stick to his public narrative, which has worked so well for so long. But a severe recession may be his undoing. And even before economic catastrophe strikes, the public may begin paying more attention to his aberrations — and to contagious new counter-narratives that crowd out his own.
The “public narrative” he was referring to is Trump’s lifetime pursuit of putting his glam life on display for everybody to see and aspire to — fancy cars, beautiful women, private jets, gold toilets. Look at me, I’m rich and you can be, too!“Now that Trump has established a contagious narrative, he continues to live out his TV show persona,” he wrote, adding that this approach is nothing new. In fact, it dates back thousands of years.
This has worked for Trump during his presidency, Shiller says, but only because the economy has been exceptionally strong, with the U.S. expansion the longest on record going back to the 1850s.
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