To paraphrase Paul Newman in the movie “Cool Hand Luke”: “Sometimes doing nothing is a pretty cool hand.”

Those are words the Trump White House should embrace. As we’ve correctly predicted many times on these pages: the economy is flying high right now. Three straight quarters of an average of near 4% growth.  Inflation tumbling to 2.7%. Record high stock markets. Low and still falling gas prices. Real incomes exceeding inflation.  Crime down. The budget deficit falling.

It just doesn’t get much better than this. Oh, but it will. The combination of Trump tax cuts kicking in, gas prices continuing to fall, and tariffs falling (and some tariff rebates on the way), more Biden-era regulations repealed are all can’t miss growth stimulants.

So just let it rip. Be gone with this litany of bad ideas now flowing out that will almost assuredly backfire:

• • • credit card price controls
    • 50-year mortgages
    • $200 billion of expansions of Fannie Mae and Freddie Mac housing interventions (did we learn nothing from the 2008 housing crisis?)
    • prohibiting investors from purchases of housing
    • Uncle Sam taking equity positions in Intel and in defense firms
    • Deporting non-criminal illegal immigrants who are working and paying taxes.

These are all poll-driven gimmicky non-free market ideas that smack of Hail Mary political desperation.

But why? Trump exulted in Detroit yesterday: “We have quickly achieved the exact opposite of stagflation, almost no inflation and super high growth.”

He’s right. So just sit back and let ‘er rip.