It's Charlie's Beach
There's going to be a lot of hype. Some of it might even be true.
Will Trump 2.0 Deregulate More than Trump 1.0?
During the Vietnam War, the newfound focus on data led to inflated reports of success from the battlefield.
Trump 1 over-estimated and claimed credit incorrectly.
If DOGE is serious, then they’ll need real data.
‘When it comes to Trump 1.0’s having cut the pages of federal regulations, President Trump has claimed that his first Administration “removed nearly 25,000 pages of job-destroying regulations—more than any other President by far in the history of our country, whether it was four years, eight years, or, in one case, more than eight years.” But when looking at the number of pages in the Code of Federal Regulations—the authoritative source of operative, binding federal rules—no such reduction appears. Admittedly, the historically increasing trend in pages did slow during the Trump Administration, but rather than cutting the Code by 25,000 pages, the Administration increased it by about 1,500 pages.
‘Similarly, the Administration’s claim of an unprecedented ratio of deregulatory actions to new regulatory ones was off base with reality. Trump officials sometimes claimed as many as 22 deregulatory actions to each new regulatory one—with assertions of other ratios ranging from seven to one to around 10 to one. Put aside for a moment whether it makes much sense to use overall ratios of the number of rules eliminated-to-added, because eliminating even 10 Peter Rabbit-equivalent rules from the books cannot truly equate with imposing a single War and Peace-equivalent rule. But when one looks at the government’s comprehensive Unified Regulatory Agenda over the course of the Trump 1.0 years, and compares the overall number of final regulatory actions to the number of final actions the Administration classified as deregulatory, the ratio actually turned out to be about three to one. That is, the Administration took three regulatory actions for every deregulatory one.’
Newt Gingrich: The People vs. the bureaucrats
No President can succeed when the bureaucracy is arrayed in opposition to him.
Logically, we might say there are too many in place for Trump to dislodge.
We’re about to find out.
‘Lincoln understood the importance of the elected executive controlling the instruments of government. In a small government (which exploded in size to win the Civil War), Lincoln replaced 1,200 of the 1,500 policy-making bureaucrats.
‘Since many of the people Lincoln replaced were Southerners, or pro-South, he could not possibly have won the war had they stayed in their positions. Replacing his opponents in the government with supporters was one of the key decisions that enabled the Union to endure four long, bitter years of war and prevail.
‘Trump does not have the power (nor would he have the ready replacements) to have an proportionate shift in today’s much larger government.
‘However, he must have the ability to replace bureaucrats who clearly try to sabotage, slow walk or undermine his policies.’
Crypto Sector Hopes Trump Brings ‘Level Regulatory Playing Field’
Will the new Administration give crypto easier access to financial services?
‘The report added that increased clarity would accompany efforts by the crypto sector to increase its access to banking services.
‘During the Biden administration, regulators had warned of the risks that come with banking digital asset companies. The collapse of crypto friendly banks Signature and Silvergate in 2023 heightened concern about banks being pressured to not work with crypto companies.’
BlackRock’s Hildebrand Says EU Needs Regulation ‘Wake-Up Call’
The bigger action may be overseas if the fear and loathing of US deregulation translates into more proactive deregulation in these heavily restricted markets.
‘European banks have been outpaced by their US peers since the financial crisis and one reason for that has been overly restrictive regulation, Hildebrand told Bloomberg Television’s Francine Lacqua at the World Economic Forum in Davos. That competitive disadvantage is set to worsen if the incoming Trump administration follows through with the deregulation it has advertised during its campaign, he said.’
Vivek Ramaswamy expected to depart DOGE
Some people are doers. Other people are talkers.
‘People close to Musk have privately undercut Ramaswamy for weeks, frustrated with his lack of participation in the heavy lifting, according to sources familiar with the internal dynamics. There has been friction between the incoming rank and file DOGE staff and Ramaswamy, the sources said, and Ramaswamy has been subtly encouraged to exit.’
Communist Vietnam Follows Libertarian Milei's Path in a Surprising Turn
Vietnamese Communist Party official describes bureaucracy as cancer-ridden.
What a time to be alive.
‘“This is the boldest administrative reform in Vietnam since the Doi Moi reforms,” said Nguyen Khac Giang, a senior researcher at the ISEAS-Yusof Ishak Institute in Singapore. His analysis indicates that the country is seeking to streamline a bureaucracy that has become a brake on sustained economic growth.
‘A senior Communist Party official stressed the urgency of these reforms in a recent speech: “Sometimes you have to take bitter medicine, endure pain and remove tumors to have a healthy and strong body.” These statements underscore the seriousness with which the proposed changes are being approached.’