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.