I second my intrepid Mercatus Center colleague Veronique de Rugy’s well wishes to our mutual acquaintance Larry Kudlow in his new role as Trump economic advisor. I hope against hope – as Veronique does – that Larry is able to talk sense into Trump on trade. A slice:
There are many good things to say about Larry Kudlow. But as it relates to this job, the best news of all might be that he is no Peter Navarro—the anti-trade Trump advisor.
Unlike Navarro, who has said that he believes it’s his job to confirm Trump’s worst anti-trade instincts, Kudlow has been a consistent advocate for free trade. When he worked at the White House under president Reagan he used to call free traders like him The White Hats. As such he didn’t hesitate to express publicly his opposition to the president’s recent decision to impose punishing tariffs on steel and aluminum.