Politics can save the economy

What the American economy needs is more politics in economic affairs. No, I have not lost my mind —well, perhaps not entirely and not on this particular point.

The Supreme Court is already getting us to take those first few baby steps along this desirable path. The end of the Chevron deference in Loper v. Raimondo moves decision-making on the details of regulations from the bureaucracy to Congress. This is the net effect of not having to simply accept the decisions of the bureaucracy on what regulations mean. It is for Congress, politics, to state in more detail what is really meant.