Price controls won’t work better on credit cards than groceries

President Donald Trump‘s bet on artificial intelligence is pushing productivity growth to 5%. And the fruits of his signature domestic achievement, his self-styled One Big Beautiful Bill Act, are set to bloom in full this year.

Trump should finally feel ready to tout an economy that is shedding the dregs of Bidenomics. Instead, he is oddly cowering in defense.

He could be touting a 16% reduction in the federal deficit.

Now, even as consumer spending is on the rise while inflation is slowly but surely trending back toward the Federal Reserve’s 2% benchmark, Trump has announced a 10% cap on credit card interest rates, “effective January 20, 2026.”

The good news for the rest of us is that Trump cannot, legally or practically, enforce a unilateral