Trump has made a good start

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Your Guide to What is the US 2024 Choice for Washington and the World

The writer is the director of research on economic policy at the Institute of Economics

Wall Street’s trust in the US technology management was shocked by Deepseek’s latest artificial intelligence model. The Chinese start seemed to be out of anywhere.

This episode should highlight the wisdom of the President Donald Trump’s approach to AI. His Executive order It’s great on the technology. “It is the United States policy to increase the United States’s world AI dominance.” He canceled policy Biden’s administration, which “has advanced and managing AI’s development and application”, in accordance with several goals, including “the advancement of equality” and ensuring that AI will not disrupt the labor force. A number

I am glad to have a president who prioritizes the importance of AI to economic prosperity and national security. And this is not the only good step of Trump in a blitz since its inauguration.

His efforts copy The energy sector and expand the production of geothermal and nuclear energy, similarly commendable. They will increase the reliability of electricity supply and the energy costs of households and business will decrease. The new president already has reverse Biden’s stupid pause on new liquefied natural gas permits.

Meanwhile, the end of the Kingdom of Lina Khan as a nation’s anti-monopoly agency has given a new life in the business community.

All this unleashes animal spirits, not only among higher bankers and chief leaders. The sentiment is also great on the main street. National Independent Business Research Federation in December has been recorded Since 1983, the largest monthly growth has been in a net percentage of companies that expect the economy to improve. This positive mood can turn into an increase in expansion, innovation, investment, growth and growth of salaries.

Alternatively, the new government’s efficiency department must apply for attempting to increase the efficiency of the federal government. Ronald Reagan noticed that “the Government Bureau is closest to eternal life we ​​will ever see on this earth.” He made that observation in 1964. Since then, the expenses of the federal government have increased by more than 30% since the annual GDP share. If Doge is able to work with Congress to prove Reagan wrong, everything is better.

Public sector employees occupy public trust and part of Trump effort Government workers must be welcomed to keep higher performance standards. For example, the vast majority of them need to work on jobs for five days a week, where they will be more effective and can generate maximum income on taxpayers’ dollars.

Trump also has a different approach to tax. Biden’s administration wanted to register an international corporate tax cartel, which is known as two columns, so that other peoples throw to reduce business taxes. Trump wants to further reduce corporate taxes in the USA. I am with him.

The President was also right pause Provision of $ 300 billion in green energy financing. It would be better to use these funds to finance business tax cuts such as full costs that growing Investment, productivity and salary.

Trump has been a president less than two weeks, and the ultimate success or failure of all these initiatives will depend on their special design, implementation and performance. This is especially true for immigration. It is deported, say, this year 200,000 illegal immigrants who have committed serious crimes will be good for the nation. But the experience of deporting, say that in 2025, 2 million illegal immigrants will damage employees, businesses and communities.

Similarly, if diversity, diversity, effort to roll out their equity and inclusion schemes can increase focus and reduce racial discrimination in the labor market. But they could also disrupt discrimination if they behave badly.

There is a lot about the new administration to criticize to make sure. For example, Trump’s decision to forgive the rebellious January 6 rebels. About economic science, among other examples, can reduce the use of American allies tariffs to the introduction of business and weaken the international bloc. And he will most likely continue reject Cut Medicare and Social Security Costs, which run the unstable nation’s volatile fiscal trajectory.

But the president’s critics will not do any favorable, not open to his administration, his administration and have already done.