US unemployment is up, inflation is up, tourism is down, defence sales are being cancelled admidst the largest procurement expansion in history, foreign investment is down, business confidence has been shattered by an incoherent and arbitrarily changing tarrif regime.
Oh and the President is advocating that businesses should stop quarterly reporting...
> businesses should stop quarterly reporting
That might actually not be such a bad thing, if it removes some of the pressure to think overly short-term from the company management.
I agree that the outcome will be destructive.
The questions are:
Is it is more or less destructive than the alternative destruction? Who is it more economically destructive for? Over what time period is it more or less destructive than the alternative interventionism? Is 6 months a meaningful time horizon?
It becomes muddled very quickly. I would appeal for a consistent approach which opposes both forms of destructive interventionism.
Many things are luck and uncontrollable events. So what you do is focus on not f.ing things up. Current usg is doing the exact opposite.
Agreed. That's a summarized version of the (ECP, knowledge problem) argument against economic interventionism.