> The idea is that Fed rate cuts and supply-side stimulus from tax cuts and deregulation will then be able to build up the economy without the need for government spending.
1) We're likely to see stagflation. Good luck with the rate cuts.
2) We know tax cuts for the rich and companies don't work that way. The evidence is beyond clear at this point. So that's not gonna work.
So the alleged "idea" here is to cause something bad to happen, then do one thing that's probably not going to work and one thing that definitely won't, to fix it. Comforting.
> The idea is that Fed rate cuts and supply-side stimulus from tax cuts and deregulation will then be able to build up the economy without the need for government spending.
1) We're likely to see stagflation. Good luck with the rate cuts.
2) We know tax cuts for the rich and companies don't work that way. The evidence is beyond clear at this point. So that's not gonna work.
So the alleged "idea" here is to cause something bad to happen, then do one thing that's probably not going to work and one thing that definitely won't, to fix it. Comforting.