by Lifted from comments, Spencer England says: What Reagan managed to accomplish was to turn the US from the worlds largest creditor nation into the worlds largest debtor nation. Why don’t people see that the expanded deficit will reduce savings and expand the savings-investment gap which is equal to the current account deficit? So crowding-out works much more through the dollar than through interest rates. The single item most responsible for the decline in manufacturing has been the Republican tax cuts.
Topics:
Dan Crawford considers the following as important: Taxes/regulation
This could be interesting, too:
Bill Haskell writes The Opioid Epidemic from 1980 Onward in My Words
Joel Eissenberg writes Tax cuts for the rich only increase wealth disparity
Angry Bear writes Authorization Requests
Bill Haskell writes The New Economy and the Tariffs and Tax Breaks to Launch It
Lifted from comments, Spencer England says:
What Reagan managed to accomplish was to turn the US from the worlds largest creditor nation into the worlds largest debtor nation.
Why don’t people see that the expanded deficit will reduce savings and expand the savings-investment gap which is equal to the current account deficit? So crowding-out works much more through the dollar than through interest rates. The single item most responsible for the decline in manufacturing has been the Republican tax cuts.