Whatever the difficulties of winning the presidency of the United States, Donald Trump is about to discover that governing is far more problematic. Trump’s business experience will serve him well, yet the job is bigger than any one person.
In particular, Trump’s economic policies are a bundle of contradictions. His advisers seem unaware of real-world constraints about to punch them in the nose.
During the campaign, analysts had so much difficulty getting past Trump’s demeanour that few bothered to consider his economic policies. In brief, Trump proposes tax cuts, less regulation, and more spending. If that sounds familiar, it should. That was Ronald Reagan’s plan in 1981.