While the first weeks of Donald Trump’s presidency have brought plenty of chaos, some underlying themes are emerging. I think of the economic policy so far -- call it Trumponomics -- as a new approach to the redistribution of wealth, working through jobs and regions rather than income transfers. To be sure, I don’t see any single architect of Trumponomics, not even Trump himself, but even without a master plan, there are some common threads.
It’s easy to underrate Trumponomics, because so often it sounds, frankly, stupid or misinformed. In a wide variety of areas, including health-care reform and the border tax adjustment, experts struggle to describe the plans, much less evaluate them. Still, Trumponomics, though highly flawed, will probably not crash the economy, and might steal a lot of the left’s thunder....Bloomberg View
The Left Underestimates Trump's Economic Plan
Tyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center