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Jobs, jobs, jobs. And also…
Last Tuesday President-elect Trump said, “My Administration will be focused on three very important words: jobs, jobs, jobs.” Mr. Trump emphasizes geography: American policies should encourage economic growth “right here in America.” Nothing wrong with [...]
How much advice does the president need? A simple example
How much advice does the president need? Should the president rely on just one person for advice on a straightforward policy question, or delegate a decision to a single person? Challenge #1: Any policy problem difficult enough [...]
What is a White House policy council?
What is a White House policy council and what does it do? The President needs someone physically close to him whom he trusts to answer policy questions as they arise. When he has to make [...]
The Trump tariff and the dumb market
Imagine five American firms, each of which lays off New York workers. Firms 1, 2, and 3 close their New York widget factories. Firm 1 builds a new widget factory in Mexico. Firm 2 builds [...]