You have seen in the last year more federal deregulation than you have probably seen in your entire life combined. In The Wall Street Journal, James Freeman calls President Trump’s deregulatory efforts “drop-dead gorgeous” and wonders about the economic pessimism that persists despite strong GDP numbers. He writes:
Mr. Trump has correctly noted that federal red tape, when cut, becomes beautiful. As in his first term, the president now has a general policy of deregulation that is drop-dead gorgeous. To realize all the growth and productivity benefits of restraining Washington, Mr. Trump should resist big-footing into specific industries with interventions that win applause from Marxists.
But who wants to think about nasty Karl Marx and his central-planning acolytes in this season of voluntary gift-giving when we have such wonderful news about the results of Americans making free exchanges in the marketplace?
Former Obama Council of Economic Advisers Chairman Jason Furman observes on X:
Depending on how you look at it growth in Q3 was very very strong or very strong or just possibly merely strong.
If merely strong is our worst-case scenario that sounds like a pretty good quarter and let’s hope for many more to come.
Let’s also hope that readers are enjoying a holiday season that is nothing less than very very strong.
Action Line: The moral of any economic story is that when government gets out of the way, American businesses know exactly what they want to do with their money. When you want to talk about your portfolio and the future, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
