A central task right now for the Trump administration ought to be figuring out how to avoid a widely predicted economic downturn. Instead, the Trump administration is blaming it in advance on former President Joe Biden. That was the theme of Scott Bessent’s first major address as Treasury secretary. Those “proposed policies” are Trump’s unpredictable tariffs, his impoundment of federal appropriations, and the prospect of significantly higher budget deficits due to planned tax cuts.  Output in