Trump’s ‘Unheralded’ Deregulation Agenda Divides Economists
The Trump administration's deregulation agenda has divided economists. Treasury Secretary Scott Bessent claims that this agenda, which aims to remove the regulatory burdens on domestic manufacturing, is an "unheralded" part of Trump's plan that will start yielding results in the third quarter of 2022. However, this view is not universally shared. Some economists argue that deregulation can have negative consequences, such as increased risk-taking and reduced consumer protections. They also question the effectiveness of deregulation in boosting economic growth. The article highlights the ongoing debate among economists regarding the merits and drawbacks of the Trump administration's deregulation efforts. While the Treasury Secretary touts the potential benefits, others remain skeptical about the long-term implications of such a policy approach.
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