11/14/2017

Trump Attack On Regulations Starts To Win Admiration Both At Home And Abroad

Ira Stoll, New York Sun

President Trump, in a “brief telephone call” with the New York Times earlier this month, listed “what he saw as his biggest accomplishments, including a focus on deregulation.” The Times relegated the mention of deregulation to a paragraph low down in the story, which itself ran inside the newspaper rather than on the front page.

Click Image to Enlarge It wouldn’t be the first time that the elite press or its readership made the mistake of failing to pay attention to, and to actually hear, what Trump is saying. More sophisticated observers are starting to take note.

The Economist, in a piece published last month, reported, “the impact of the Trump administration has been dramatic. The flow of new rules is suddenly a dribble. Since Mr Trump was inaugurated the number of regulatory restrictions has grown at about two-fifths of the usual speed.”

The British newsmagazine, which is not generally a Trump cheerleader, praised the administration’s approach to financial deregulation as “thoughtful...detailed and rigorous.” It reported, “the new approach in Washington does seem to have boosted business confidence.”

In rolling back regulation, Mr. Trump is focusing on a real problem. The Mercatus Center at George Mason University captures the growth of federal red tape with a thought experiment explaining the difficulty of even reading, let alone complying with, the government imposed rules.

Read full article



You May Also Like:

Tax Reform And IRS Resistance Kimberley A. Strassel, The Wall Street Journal

The Awful Republican Budget Is A Reminder That Federal Revenues Are Way Too High John Tamny, Forbes.com

Robert Mueller’s Alarming, Reassuring Indictment David French, National Review

The Mueller Dogs Bark, But The Caravan Moves On Clarice Feldman, American Thinker

Is The Mueller Indictment A Joke? Francis Menton, Manhattan Contrarian

We Can’t Have A Debate About Guns If Liberals Keep Lying About Them David Harsanyi, The Federalist

Teacher Pens FB Post About Florida School Shooting. It’s Gone Mega-Viral For All The Right Reasons. Chris Enloe, TheBlaze

What Do We Do About The Biased And Incompetent FBI? Roger L. Simon, PJ Media

America’s Missing Money Terrence Leveck, City Journal

Justice Department Official Hid Wife’s Payments By Anti-Trump Researcher Luke Rosiak, Daily Signal

Women’s March Organizers Plan ‘National School Walkout’ For Gun Control Michele Blood, LifeZette

Foreign Meddling Won't Undermine Tyranny, But This Will Matt Daniels and Doug Bandow, Foundation for Economic Education

How Can Companies Best Help Society? Make More Money. Sally Pipes, Fortune

De Blasio Can’t Get Away With Giving Taxpayer Money To Donor New York Post

DePaul U Permitted Fundraiser For Terrorist Rasmea Odeh On Campus, But Won’t Let Steven Crowder Speak Mike LaChance, Legal Insurrection

Judicial Watch Sues State Dep't For Samantha Power's Unmasking Documents Michael W. Chapman, CNSNews

How Medicaid Funds And Fuels The Opioid Epidemic Joe Jarvis, Daily Bell

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.15%
    FreeMarket Central Shadow Stats: 21.8%
  • Inflation:
    FreeMarket Central January Year-to-Year: 2.11% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section