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I don't think our Congress actually cares about our economy enough to do something that smart. But you also have the problem of those dollars then going toward
by kyrra 4y ago
I don't think our Congress actually cares about our economy enough to do something that smart.
But you also have the problem of those dollars then going towards labor and materials, which will keep demand there high, continuing inflationary pressure in those areas.
- kergonath 4y ago> I don't think our Congress actually cares about our economy enough to do something that smart. Unfortunately it seems to be a pipe dream in most countries I know. > But you also have the problem of those dollars then going towards labor and materials, which will keep demand there high, continuing inflationary pressure in those areas. Yes, and I am not sure there really is a solution to that. I guess hiking interest rates would cause a shift from debt to the new income stream, but it would be complex as ideally you’d still want lower rates to stimulate investment. Probably an increase in corporation and capital taxes as well, but then I might as well wish for a unicorn.