Monahorns
10,000+ Posts
I think the Trump administration's reducing of regulations has been the greatest contributor to the economy so far. It reduces the cost of business and increases the speed of business. Some things government does around economics have a delayed effect. With regulation reduction you should see effects very quickly.
Listening to a podcast yesterday with Randall Holcombe who described the greatest threat to capitalism is what he calls political capitalism. Others call it cronyism or crony capitalism. One of the biggest problems under political capitalism is regulatory capture and rent seeking where economic elites work with political elites to get deals which weaken their competition or require the purchase of their products. Think of corn ethanol regulations or the requirement to buy insurance under the ACA.
Every year that Trump is President is another year where there is at least a chance the number of regulations will be reduced.
Listening to a podcast yesterday with Randall Holcombe who described the greatest threat to capitalism is what he calls political capitalism. Others call it cronyism or crony capitalism. One of the biggest problems under political capitalism is regulatory capture and rent seeking where economic elites work with political elites to get deals which weaken their competition or require the purchase of their products. Think of corn ethanol regulations or the requirement to buy insurance under the ACA.
Every year that Trump is President is another year where there is at least a chance the number of regulations will be reduced.