"The coming unhappiness with Trump and his team will not arise because of the actions they take. They will clearly do everything in their might to make America great again. But the probabilities are totally against them to achieve this goal. They are taking over power at a time when debt has grown exponentially since the 1970s. They are also assuming power of a country that has not achieved a proper budget surplus for well over half a century. Even worse, the US has not had a positive trade balance since the early 1970s. So here we have a country that has been living above its means for decades and has no real chance of changing this vicious circle. Trade wars and import taxes are unlikely to improve the situation.

   "The Federal debt is at $20 trillion and has been growing at the rate of 9% per year for the last 40 odd years. The forecast for the next four years is that the growth of the debt will accelerate. Total US debt is over $70 trillion or over 3.5x GDP. But that is just a fraction of the US liabilities. Unfunded liabilities are over $200 trillion. Add to that the real gross derivative position of US banks which probably at least $500 trillion."  Heading to zero; The pound, yen, euro and dollar.

   President Trump is bold, brash and confident he has the answer to the nation's economic stumbling blocks.  Based on his scheme for paying for wall-building between Mexico and the United States we surmise he is not as well read on competitive free market economics as he should be.  An import tax on Mexican goods would be paid by the consumer.  

   "Mexico will pay for the wall" asserts Trump.  Not so.  States don't PAY taxes, they collect them.      

    Consider the avacado grower in Mexico who finds his produce taxed by a new 20 percent tax upon export to the U.S.  The tax is not absorbed by some generous agency, it is passed along to the American consumer - who will likely get along buying fewer avacados.  This, in turn, affects the income of the hapless producer.  

     Our early Colonial ancestors built walls to stave off attacks from  ticked-off Native Americans of the day.  They soon learned that trade was the more practical method of getting along with neighbors.