Trump takes credit for inventing the 1930s economic phrase 'priming the pump'
Did you know President Trump invented the phrase "priming the pump?" He did so in the last few days, actually, according to himself:
[The Economist]: ... It's okay if the tax plan increases the deficit?[President Trump]: It is okay, because it won't increase it for long. You may have two years where you'll … you understand the expression "prime the pump"?Yes.We have to prime the pump.It's very Keynesian.We're the highest-taxed nation in the world. Have you heard that expression before, for this particular type of an event?Priming the pump?Yeah, have you heard it?Yes.Have you heard that expression used before? Because I haven't heard it. I mean, I just … I came up with it a couple of days ago and I thought it was good. It's what you have to do.It's…Yeah, what you have to do is you have to put something in before you can get something out. [The Economist]
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