Thursday, February 23, 2017

Update on the Once and Future Tsar

Well, we are one month into the greatness. And it has been stellar!

Steve Palpatine Bannon finally spoke using his own voice instead of the orange puppet. Spoiler alert: Anyone who proudly speaks of 'economic nationalism' isn't going to win the Shazam Prize in Economics

He laid out three pillars of Trump's plan, and two out of three were bad. He starts with national security and sovereignty--we know how that has gone so far. Next comes the same type of thinking applied to trade--you see, kids, menage a trois (or menage a beaucoup when plus de deux) is bad in trade. Lastly is a promise that I would like to see come to play out, 'deconstruction' of the administrative state--can we count on this crew to pull anything like that off? I am highly doubtful. I believe they lack the ideological integrity to follow through or the intellectual acuity to be successful. My guess is that they want the administrative state to work for them rather than to truly reduce its breadth or depth.

What about Dodd-Frank and Obamacare reform? Well, where is the Republican Congress? They are the only chance at that. Meanwhile we lose ground on immigration, drug policy, and asset forfeiture. School choice, reversing net neutrality, and satire are among the areas that still have a good degree of optimism for progress. 

We will see...