The president and his astute Treasury Secretary Scott Bessent need to decide — and act now.
Since Congress passed President Donald Trump’s “One Big Beautiful Bill” this summer, strong real-GDP growth has combined with minimal inflation, boosting American prosperity.
But one potential misstep could end this decisive, action-oriented administration’s hope of making the American economy great again — while losing the midterm elections and Republican control of the government.
The Trump team is oddly frozen over what to do about the so-called “Basel Accords,” rules developed decades ago to introduce capital standards into the then rapidly developing international banking space — but which instead arguably led the global economy into repeated disaster.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Basel Accord’s expanded banking rules could tank Trump’s economy — unless he acts fast
Clark Judge
The president and his astute Treasury Secretary Scott Bessent need to decide — and act now.
Since Congress passed President Donald Trump’s “One Big Beautiful Bill” this summer, strong real-GDP growth has combined with minimal inflation, boosting American prosperity.
But one potential misstep could end this decisive, action-oriented administration’s hope of making the American economy great again — while losing the midterm elections and Republican control of the government.
The Trump team is oddly frozen over what to do about the so-called “Basel Accords,” rules developed decades ago to introduce capital standards into the then rapidly developing international banking space — but which instead arguably led the global economy into repeated disaster.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.