In just seven months in office, Donald Trump's administration has pursued a series of highly unconventional economic policies that, taken together, amount to the deepest government interventionism into the economy of any president since the Reagan era. In doing so, Trump has largely eschewed what both parties had accepted as the tenets of American capitalism for nearly five decades -- the long-standing U.S. economic traditions that once left Adam Smith's Invisible Hand to guide the market. The Trump administration's emerging version of capitalism is one of expanded government interventionism, abandoning laissez-faire orthodoxy and centralizing authority around the president. In effect, Trump and his economic advisers want to be able to control all key aspects of economic planning, sidelining other parts of the U.S. political and economic system -- including both government institutions and the private sector....
