Since Donald Trump became US president, his core economic agenda has been sidetracked repeatedly by so-called cultural issues. However, now the administration is stepping up its tax reform effort. Even so, other issues threaten to derail this agenda item too (like nuclear war on the Korean Peninsula!). Of course, it’s not even clear we’re talking about tax reform here. Much more likely, Trump has sold out and is now merely pushing for tax cuts for the wealthy.
Nevertheless, the risk to the economy of failure is not that big. And the risks of a government shutdown have receded due to Hurricane Harvey. Now, the real risk is a military confrontation in Korea. Thoughts below
We are knee-deep in the political economy this week as the US Congress heads back into session. Ostensibly, after eight ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.