Even when Donald Trump seems to get something right, he’s mostly wrong. At least when it comes to economics.
Many Americans are suffering financially. Yet he hates trade, even though Americans have grown rich as a trading nation. And he says virtually nothing about regulation, which has done so much to harm U.S. competitiveness.
No surprise, the Obama administration is busy writing new rules to turn America into its vision of a good society, irrespective of the impact on liberty or prosperity. Last year Uncle Sam spent $62 billion to run the rest of our lives – at a cost to us of almost $2 trillion.
Actually, that $2 trillion is just the “tip of the costberg” we pay for this regulatory tyranny in terms of jobs, economic growth, income inequality and so much more. Here are the stats and studies that show how and why.