The language of Trump
Whatever else has been the result of Donald Trump's election as the new US president — and I am really struggling to see anything positive — he has already given us some new economic terms.
The name/word "Trump" can itself be used in a wide range of idiomatic expressions. For example:
- To trump someone is to get the better of them.
- To play your trump card is to use something that gives you an advantage.
- To come up trumps is to do what is necessary to succeed.
Clearly, Donald Trump did all those things in his election campaign against Hillary Clinton. Some people also think that many of his election arguments were trumped up, meaning created with an intent to deceive other people.
So far, so normal. But since Trump's election, we have seen a number of new expressions:
- Trumponomics. This catch-all term is used to describe Trump's economic policies — a mixture of classic free-market policies (tax cuts, reductions in regulation) and government intervention (restrictions on trade, expansionary fiscal policy). Such descriptions are not unusual: we have also had "Obamanomics" and "Reaganomics".
- Trumpflation. Since Trump's election, the financial markets have been expecting a rise in inflation as a result of Trump's plan to adopt an expansionary fiscal policy, dramatically increasing government spending and reducing taxes.
- Trump rally. This refers to the rise in share prices since Donald Trump won the election.
- Trump slump. This term is used to describe the danger of Donald Trump's policies leading to a further recession as a result of the increase in government debt and a loss of competitiveness as the dollar rises.
More such terms will no doubt follow. But there is another meaning of "trump": a brass musical instrument. In this sense, it is a synonym for "trumpet". And blowing his own trumpet — telling people how good and successful he is — is something that Donald Trump never misses the chance to do.
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