President Trump is consolidating power over traditionally independent institutions, highlighted by the recent firing of Labor Statistics Commissioner Erika McEntarfer. He plans to appoint a more favorable successor and expedite the naming of the next Federal Reserve chair. This trend towards political interference in financial institutions raises concerns regarding the erosion of their independence. Scholars warn that such actions conflict with the essential liberal governance model reliant on nonpartisan technical expertise necessary for stability in complex economies.
Trump's philosophy is that everything is political. Either you're with him or against him—and if you're against him, you shouldn't be in government.
This approach directly conflicts with the liberal model of governance: one built on an impersonal, nonpartisan bureaucracy that is managed by technical experts.
In ultra-complex, wealthy economies like the United States, that model is essential for long-term stability.
Rather than deferring to experts, Trump has signaled a desire to steer economic decisions from the executive branch.
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