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Trump's Deregulation Risks Economic Stagnation, Warns Economist

1/28/2026

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Summary

Story summary

U.S. President Donald Trump’s 2024 reelection campaign emphasized deregulation and tax cuts.
Economist Justin Wolfers criticizes the administration as the most interventionist in recent history and warns it could miss opportunities.
He compares Trump’s policies to Brexit’s effects on the UK economy and warns of stagnation in the United States.
Wolfers says tariffs and funding cuts threaten long-term innovation, including investments in Intel, risking market stability and future growth.

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Story summary

U.S. President Donald Trump’s 2024 reelection campaign emphasized deregulation and tax cuts.
Economist Justin Wolfers criticizes the administration as the most interventionist in recent history and warns it could miss opportunities.
He compares Trump’s policies to Brexit’s effects on the UK economy and warns of stagnation in the United States.
Wolfers says tariffs and funding cuts threaten long-term innovation, including investments in Intel, risking market stability and future growth.