The third and final NN on the new presidency looks at what Trump’s pledge to deregulate America could mean for financial markets.
According to the official Trump platform, over-regulation costs our economy $2 trillion a year and reduces household wealth by nearly $15,000 dollars. In fact, says Trump, the US economy is 25% smaller than it would be without all the regulations brought on since 1980.
The President-elect says he can eliminate “wasteful and unnecessary regulations” such that more jobs are created and the economy revitalizes. Ironically, his first step may be to install a new rule that requires the elimination of two old regulations for every new one. Canada has had success with a similar principle.
The three biggest sectors targeted for deregulation are:
