Administration Quote by David Brooks
“The corruption will come back to haunt the Trump administration. But mostly, it'll come back to haunt the American economy, as companies decide they can make money by rent-seeking, by getting money from government rather than earning it the old-fashioned way.”
About This Quote
Source Opinion column, The New York Times, 2023
The Trump administration’s policies foster rent‑seeking, which will later damage the U.S. economy.
In simple terms: Rent‑seeking harms the economy and will return to haunt policymakers.
Key Takeaway
Promote productive, market‑based economic policies.
Themes
economics
politics
corruption
Mood
critical
analytical
Type
policy
economic
When to use this quote
- business strategy
- policy analysis
- investment decisions
Key Concepts
rent‑seeking
government subsidies
market distortion
Questions to Reflect On
- How can rent‑seeking be curbed?
- What incentives encourage genuine value creation?
A Different Perspective
Economic growth may still occur despite rent‑seeking.
![“As for multimillionaires [in Donald Trump's Administration], a lot of us hope to be a multimillionaire some day. Again, spotty records, but it seems to be not without the range.” quote by David Brooks](https://sms4smile.com/quotes/img-quotes/0f0/david-brooks-644_administration_as-for-multimillionaires-in-donald-trump_742164.jpg)
