It's a fact that President Donald Trump has a remarkably large number of supporters among the voters and pundits who label themselves as "Free market." They usually say something like, "Sure, I don't like his trade and immigration policies, but the rest are good." I disagree.
With the exception of a few policies, the Trump presidency - aided by a largely GOP Congress - will end up being, by a large margin, a very pro-government-intervention administration.
Most of all, this assessment is about whether the administration's policies will increase or decrease the size and scope of government and whether they will hurt or help the economy.
The cut in the corporate income tax rate from 35 percent to 21 percent, and the reform of state and local tax deductions are important pro-market reforms.
Now, the bad. The administration's self-destructive protectionist trade policies are well documented.
There are the ruthless immigration policies doubled with numerous threats of a reduction in legal immigration and no fundamental reform.
Then there's the president's constant bullying of Federal Reserve Board Chairman Jerome Powell to bring back loose monetary policies and inject the economy with a sugar rush to temper the consequences of bad trade policies.
https://spectator.org/some-clarity-on-president-trumps-economic-policies/
With the exception of a few policies, the Trump presidency - aided by a largely GOP Congress - will end up being, by a large margin, a very pro-government-intervention administration.
Most of all, this assessment is about whether the administration's policies will increase or decrease the size and scope of government and whether they will hurt or help the economy.
The cut in the corporate income tax rate from 35 percent to 21 percent, and the reform of state and local tax deductions are important pro-market reforms.
Now, the bad. The administration's self-destructive protectionist trade policies are well documented.
There are the ruthless immigration policies doubled with numerous threats of a reduction in legal immigration and no fundamental reform.
Then there's the president's constant bullying of Federal Reserve Board Chairman Jerome Powell to bring back loose monetary policies and inject the economy with a sugar rush to temper the consequences of bad trade policies.
https://spectator.org/some-clarity-on-president-trumps-economic-policies/
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