I remember those days in the early '80’s. My oilfield half-ton was being paid off at 18%; my microscope at twenty-something %. Luckily you made money fast in the ‘patch’, and both were paid off within the year, much to the astonishment of the bank !
But really, it is spurious to blame Trump, who is in fact just the latest installment of what has long been a tried and true racket - the financial world casino.
And it is not an economy - it is a chrematistic system, both words being from the Greek.
An economy (oikonomia) - is basically how to run a household - a frugal and prudent one, with a future.
We run a make believe economy, where assets & resources are considered infinite - where limits do not exist - BUT - remember this - it is a make believe world -
In reality, there are limits, and resources are finite. We are living on borrowed time, and printing dineros as required, with the make believe name quantitative easing - to keep the roulette wheel spinning.
Make no mistake - the financial world is a casino - and 99.9% of us are just pulling slot machine handles, as the guaranteed profits go to the House.