In the run-up to the upcoming election cycle this November of our semiquincentennial anniversary, the core reality of American politics is once again in the spotlight: “It’s the economy, stupid.”
To ensure American economic security for the next 250 years and beyond, it’s time for President Donald Trump and his economic team led by Secretary of the Treasury Scott Bessent to think outside the box and outline a big and bold program that incorporates five key targets: (1) price level stability reflecting an inflation rate of 2% per annum, (2) economic growth reflecting an annual real GDP growth rate of 3%, (3) an unemployment rate of 4%, (4) a sustainable and resilient safety net for the working poor, and (5) zero deficit budgets for the federal government.
