President Trump's regulations order is incoherent, foolhardy, and delusional. Here's why.

Surprised?

This practice will not help businesses.
(Image credit: Ikon Images / Alamy Stock Photo)

For an incredibly simplistic idea, President Trump's new executive order on regulations is a total mess.

On Monday, the president issued an executive order requiring government agencies to scrap two old regulations for each new regulation they introduce. The order also says that each year, the White House's Office Management and Budget (OMB) will decide a total cost that new regulations can add to the economy. Scrapping old rules to make way for new ones will be how agencies stay under the threshold. And for 2017, the order sets a threshold of $0.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.