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I have been saying for a long time that you can vote for conservatism, but you can’t get it. Government grows and regulations multiply, inexorably and independent of any will expressed by voters. But maybe that is about to change.
In some ways, you wouldn’t expect Donald Trump to be the president who finally delivers real conservatism to the voters. But, if you are willing to indulge some optimism, that may be about to happen. What prompts such a cheery forecast? This:
This is genius. Trump needs to get the economic ball rolling to stoke optimism and create the basis for long-term growth, and this is a great way to do it. It encourages major domestic investments, which are badly needed, especially to bring vital industries onshore. And it doesn’t use subsidies or mandates, the worst possible ways to induce investment. Rather, it promotes investment by doing what we should have done a long time ago–getting government out of the way.
The environmental movement has likely done more than anything else to stymie economic growth, but it isn’t alone. Government regulations and–vitally–attendant litigation have made it pretty much impossible to do anything at scale. Elon Musk has pointed out that it was quicker for his company to design, build and launch a rocket than for bureaucrats to move paper from one desk to another (or something like that). He is right: the hard part should be the work, the project–not getting government approval to carry out the work.
Complementing this plan to unleash American industry from the bonds of regressive statism is the Department of Government Efficiency. It is not clear to me how DOGE will operate; presumably some cuts can be made administratively, while others will require budgetary action by Congress. But if Trump is actually able to combine a pro-growth policy that does not include economically distorting incentives, but relies on lifting the heavy hand of government, with meaningful cuts in a federal budget that we all know includes many billions in laughably incompetent spending, he could surpass Ronald Reagan as a president who revived old-fashioned conservatism.
Is that too much to hope for? Likely so, but we will see.