via The Daily Caller:
Overthrow The Establishment To Fix The Economy
Larry Kudlow | June 16, 2016
Famed investor Wilbur Ross recently told CNBC that “Trump represents a more radical new approach to government that the nation’s economy desperately needs.” He’s right. Trump seeks an overthrow of the establishment. He’s a disrupter. Just what we need to fix the economy.
The situation is that desperate.
The last 15 years of economic policy, especially the last eight years, represent a relapse that harks back to the 1970s. Now like then, we have a high-tax, high-spend, high-regulation, Fed-pump-priming, standard-less dollar-manipulation policy mix.
In the 1980s and 1990s, radical change in economic policies fostered by Ronald Reagan and Margaret Thatcher put the brakes on government planning and ushered in a new free-market supply-side era and a two-decade boom. That model has been abandoned in the new century. This must be reversed.
Who, exactly, do I mean by the establishment that needs overthrowing? Much of the blame must be placed on the high-pedigreed economists in and out of government who advise politicians, policymakers, the Fed, big corporate CEOs, and interest-group trade associations to pursue a cronyist corporate-welfare system that both creates and then relies on a government-driven economy.
Now, Donald Trump may be an imperfect candidate in his rookie political season, but he gets the basic economic story right: Lower taxes, especially slashing large- and small-business taxes. Roll back regulations. Unleash all forms of energy. Take a market-oriented and consumer-choice approach to health care and education. A friendly attitude toward entrepreneurs.
If Trump follows through with his free-market-oriented policy direction the American economy will take off like a rocket. (Read More)
Read the full commentary at The Daily Caller