June 17, 2016
By Larry Kudlow
Investor Wilbur Ross recently told CNBC that Donald Trump "represents a more radical new approach to government that the nation's economy desperately needs." He's right. Trump seeks an overthrow of the establishment. He's a disrupter. Just what we need to fix the economy.
The situation is that desperate.
The last 15 years of economic policy, especially the last eight years, represent a relapse that harks back to the 1970s. Now, like then, we have a high-tax, high-spend, high-regulation, Fed-pump-priming, standard-less dollar-manipulation policy mix. In general, it's a government-planning approach in the U.S. and around the world.
We've not experienced high inflation in recent years, but that's not because the Federal Reserve hasn't tried hard enough. Meanwhile, all the quantitative easing, bond buying, and interest-rate fixing did not succeed.
Read the full article at CNBC.com: Donald Trump is a disrupter—exactly what we need to fix the economy