Mr. Trump's enthusiasm for tariffs, which presidents have a great deal of latitude to both impose and issue waivers from, and for a more discretionary, personalized approach to antitrust have a similar populist rationale. And those are similarly destructive of any kind of neutral institutionalism. His proposals would give the executive branch a lot of power over the economic fates of specific businesses and sectors. That's a recipe for personal corruption and for rampant economic distortion — but it's also a means to enforce administration policy through the private sector without going through the grinding work of drafting and passing legislation...
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