Brad Polumbo, opinion editor at the Foundation for Economic Education, joins Matt Kibbe to assess Joe Biden’s first speech as president and the policy agenda he has laid out so far. Unsurprisingly, Biden is signing a flurry of executive orders to undo much of what the Trump administration accomplished, and this reveals the pitfalls of governing unilaterally rather than working with Congress to pass legislation. Anything Trump did by executive order can be just as easily undone by Biden, just as anything Biden does now can be reversed by the next president. The result is an unstable and unpredictable regulatory environment, and that’s no way to run an economy.
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