Alphaville has no idea why the White House is doing any of this, but we suspect and in fact fear that there isn't even a sinister reason. We fear that there's no process left in the White House at all, no one to tell the president how anything works, or how he might even carry out bad decisions. On economic policy as with national security policy, there may now just be a guy, sitting alone in a room, thinking things up and telling other people to go and do them.
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