Part 3/6:
According to Navarro, the inflation that has been evident in current markets stems from a combination of overspending and overregulation, which he indicates is being addressed through deregulation and strategic energy policies. He believes that Trump's economic approach, which includes initiatives like "drill, baby, drill," is key to mitigating inflation.
He argues that as regulatory burdens are lifted and waste, fraud, and abuse are addressed, mortgage rates and interest rates will decline, ultimately benefiting consumers who will face less financial strain from credit card debts. Navarro cites a robust commitment to investment—amounting to $2 trillion—which he claims will enhance productivity and purchasing power through increased capital deployment.