The Trump Administration is off to a fast start. While closing the border, DEI reversal, needed tax legislation and the work of DOGE are getting the headlines, the area that I am most excited about is deregulation. In Trump’s first term his mandate that Federal agencies remove two regulations for every new regulation promulgated, has been replaced in his second term by a 10 to 1 ratio. His administration will face many obstacles in cutting regulations but history shows us the economic returns to deregulation can be enormous.
Regulations can act as silent killers of economic progress. Few Americans realized it at the time and virtually no one knows it today, but part of the Reagan economic revolution of the 1980’s got started under President Carter with the deregulation of transportation.
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