Magazine March 25, 2019, Issue

In Praise of Donald Trump’s Loose Fiscal Policy

President Trump speaks about the economy on the South Lawn of the White House, July 27, 2018. (Nicholas Kamm/AFP/Getty Images)
It won’t be right always, but it has been right so far

President Trump’s demand-side economic policy so far has been successful, and his demand-side views are an improvement on the views of Republicans in the recent past. His willingness to increase budget deficits, often in the face of criticism from deficit hawks across the political spectrum, has put people back to work and has been an unalloyed good for the country. In contrast, the worries of his budget’s critics have not materialized, and there is no sign that they will in the future.

It may be surprising that Trump has been successful in this area; he has made plenty of erratic statements

To Read the Full Story
Alan Cole — Mr. Cole is an MBA candidate at the Wharton School and a former economist at the Tax Foundation.

In This Issue



Special Financial Section

Books, Arts & Manners




Readers write in about the career options a military background builds, as well as the trouble with building anything in California.
The Week

The Week

Call us old-fashioned, but we don’t believe in standing by and saying nothing when women get beaten by men, even in track and field.


The Latest