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> economic indicators also show a very healthy economy so when the next recession hits we'll have the tools to stop it. Will the tools be there? You basically
by Gustomaximus 9y ago
> economic indicators also show a very healthy economy so when the next recession hits we'll have the tools to stop it.
Will the tools be there? You basically have monetary policy limited as interest rates are already low. And fiscal policy is limited as major tax cuts are already given and the debt/deficit mean increasing spend is difficult or come with potential negative consequences.
Am I missing something?
I'm more hopeful the govt uses this window to get itself in a position to manage the next downturn vs ride the good times and then not have the tools for the bad.