The New Economic Advisor

Bloomberg reported yesterday that Larry Kudlow was chosen to be the new White House economic adviser.  Mr. Kudlow is an economist frequently seen on CNBC.

The article outlines some of his views:

Kudlow spoke at length on the U.S. currency, including its appropriate valuation, saying he would like to see it “a wee bit stronger than it is currently, but stability is the key.” He said the president shares his views.

“A great country needs a strong currency, he knows that,” said Kudlow, after being chosen to replace Gary Cohn as director of the White House National Economic Council. “I have no reason to believe that President Trump opposes a sound and stable dollar.”

…He said the administration will pursue a “phase two” of Trump’s tax overhaul, seeking to make tax cuts for individuals permanent. Making the tax changes permanent would add $500 billion to the budget deficit, while tripling the amount of economic growth, according to a paper earlier this month from two Harvard economists.

The next phase, Kudlow said, should include a lower capital gains rate — and a rate that’s indexed for inflation. The top rate for long-term capital gains was left untouched at 20 percent.

Kudlow said he is “on board” with the duties Trump has imposed on steel and aluminum imports. He said he was encouraged by the president’s move to grant temporary waivers to allies including Canada and Mexico.

Bloomberg is not known for his support of conservative politics, so the article goes on to list some of the times that Larry Kudlow has been wrong or not supported President Trump. Be that as it may, Kudlow has been a supporter of reasonable economic policies in the past, and I am sure he will do a good job as economic advisor.

President Trump has been willing to shuffle his cabinet to get the most qualified people in the right positions. I think the choice of Larry Kudlow is a good choice.