There’s a lot of talk in Washington these days about “fake news.” Misinformation is a serious concern. If people believe misinformation and act upon it, bad things can happen. Yet for all the concern about misinformation in the news, neither side of the aisle seems concerned about misinformation in the economy. In fact, both sides routinely advance policies that do nothing but generate economic fake news. These usually come in the form of price controls and they too make bad things happen.

Venezuela is teetering on the brink of collapse. The nation’s political system is shattered, as tens of thousands of protesters have taken to the streets, urging President Nicolás Maduro to resign. And it makes sense why: their economy is in utter shambles.

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) penned a letter to Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.), the sponsors of the Green New Deal, opposing the proposal to “stop” climate change.

Congress needs to step up and approve the United States-Mexico-Canada Agreement to ensure a stable economic future with our neighbors. Just as importantly, Congress must pass legislation like the Bicameral Congressional Trade Authority Act, H.R. 940 and S. 287, to restore its constitutional authority over trade.

In almost every case, whenever a tariff or quota is imposed on imports, that tax is strongly supported by the domestic industry getting the protective shield from lower-priced foreign competition. The sugar industry supports sugar tariffs; textile mills lobby for tariffs on foreign clothing. The steel industry and the aluminum makers are getting rich off of the high taxes on imported metals.

Democratic control of the House of Representatives and the departure of Food and Drug Administration Commissioner Scott Gottlieb is a key turning point in President Trump's first turn and should be seen as an opportunity for the Trump administration to double down on deregulation. Some of the greatest policy victories of the last two years have come from an expansion of freedom and opportunity as a result of executive agencies rolling back burdensome regulations. With more gridlock expected in Congress, the administration has the chance to place an increased focus on its successful deregulatory agenda.