Having worked under Ronald Reagan, Larry Kudlow is the right man for the job of chairman of the National Economic Council, argues the Washington Times in an editorial. His understanding of financial matters and economic policy makes him highly valuable to the Trump administration. Kudlow's free trade stance will be crucial in guiding the president away from potentially hurtful tariffs on foreign metals. He is an advocate of smart tax cuts that could further the growth already created by Trump’s tax reform. With many projects still awaiting, Kudlow is the perfect man to guide sound economic policy that best benefits the country.
The appointment of Larry Kudlow is risky as he has been consistently wrong about the economy and will likely push for more tax cuts that balloon America’s deficit, holds Jonathan Chait of New York Magazine. His view on economic policy boils down to the belief that all gains come from tax cuts and all losses come from higher taxes. This belief has led him to misunderstand the economic boom of the early 90s, most glaringly, the financial crisis of 2008 and the economic resurgence seen after 2011. Kudlow’s views will drag down the US economy with policies that lower taxes with little regard to the national deficit.