Bedrock of the Trump economy

His latest executive order, according to the WSJ, is pure genius:

“The Trump order [requires] the agencies to repeal two old rules for every new one they publish. This is in some sense a gimmick, since some regulations are far more significant, costly or distorting of investment choices than others. But the text of the order suggests that for every dollar of new cost imposed on the private economy, each agency will have to find two dollars of burden to relieve…

“The deregulation project that began with Jimmy Carter and gained speed under Ronald Reagan became the bedrock of the 1980s economic boom, but the administrative state gradually reverted to its old habits. If Mr. Trump can break up the Washington central planning that is again misallocating resources, the resulting job creation and new investment would be a great legacy.”

Via WSJ

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