The winds of political change and the new US trade policy are imperiling the permanence of American exceptionalism. First, expanding tariffs will lead to countermeasures, decreasing global efficiency. Second, higher prices will lower demand for the US consumer, obviating the need to invest in US manufacturing. Third, the political objective of increasing US exports is incompatible with the first two objectives. Furthermore, tariffs cannot generate sufficient revenue.

The Fed’s mandate of full employment and moderate inflation will face challenges this year. Goods inflation will magnify the rise in housing costs as tariffs disrupt trade. The Fed will face the challenge of managing a slowing economy and declining employment. Monetary policy's limited influence over trade-war driven unemployment, the risk of stagflation will loom large. The Fed will need politicians to reverse the economic turmoil they have created.

To give equal treatment to the economic ideology divide, appease his inner Keynesian, and repel congressional Republicans, Trump has...

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All strategies are plans of action with strategic priorities; however, they must respond to unforeseen events as they develop. Donald...

A critical aspect of success in business is to identify your path forward and focus on execution. Trump and the Republicans focused on...

The Democratic party sits in tatters and blames forces beyond their control, however, their strategic failures were of their own making....