Trump fan or not, economists say Trump accounts are a good deal
CEI’s John Berlau was cited in Just The News regarding the new Trump Accounts.
Some economists have cited limitations to the Trump Accounts. John Berlau, Senior Fellow and Director of Finance Policy at the Competitive Enterprise Institute, argued that “the investment choices need to be broadened” to include private company stocks, private equity, and cryptocurrency, since the accounts are limited to index funds.
“They need to broaden the investment choices and let parents and their financial advisors decide and take the risk, but also reap the benefits,” Berlau said in an interview with Just the News.
However, Berlau noted that Trump had indicated the accounts could eventually include Bitcoin, saying, “Something could happen,” in the Oval Office where he rang the opening bell for the New York Stock Exchange and the Nasdaq to mark the program’s launch ceremony.
Read the full article at Just the News.