The article discusses efforts to revitalize U.S. economic growth through unconventional policies like tariffs, encouraged by President Trump. Despite mixed feelings from business leaders, such as Bank of America's Brian Moynihan, who sees potential positive impacts when balanced with lower regulations, there remains skepticism about the long-term effects of these strategies. The piece also highlights Argentine President Javier Milei's call for a departure from conventional economic wisdom, suggesting a broader questioning of accepted economic practices in favor of new approaches.
"Lower regulatory burden will result in higher profit margins, will then allow us to manage the tariff burden differently," Bank of America CEO Brian Moynihan said in an interview with Axios on Thursday, so long as tariffs are used "in moderation."
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