President Donald Trump, with his usual bombast, has declared that his second term will be a new “golden age” for the country.

In describing his economic priorities, Trump has referenced another Republican president, William McKinley, who presided over an era of rapid industrialization.

Make the wrong move, and decline follows. Which is why Trump’s executive orders are important. On the critical subjects of energy, regulation, and technology, they suggest that he grasps the formula for success.