Cutting red tape will not necessarily send growth soaring. Even if Mr Musk is successful, Mr Trump's other policies, such as jacking up tariffs and deporting millions of workers, could easily erase the benefit. Effective deregulatory drives anger people who lose out, including those exposed to more competition and NIMBYs who dislike growth. But a boost to construction, business formation and innovation is worth ruffling a few feathers for.
Many governments talk about cutting regulation but few manage to
https://www.economist.com/briefing/2025/01/30/many-governments-talk-about-cutting-regulation-but-few-manage-to
from The Economist
Best Regards
Seetha Ram
Many governments talk about cutting regulation but few manage to
https://www.economist.com/briefing/2025/01/30/many-governments-talk-about-cutting-regulation-but-few-manage-to
from The Economist
Best Regards
Seetha Ram
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