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Other than crushing the economy to deal with inflation, as the Fed is attempting to do, you can also boost production. That's what the US should be focused hea
by adventured 4y ago
Other than crushing the economy to deal with inflation, as the Fed is attempting to do, you can also boost production.
That's what the US should be focused heavily on.
Infrastructure generally, grid, wind/solar/nuclear, manufacturing.
And start expanding Medicaid upward (by incomes) and Medicare downward (by age).
Raise income taxes on the top 1/4, aggressively on the top 10%.
It'd be a good, modest start.
- refurb 4y agoYour suggesting we “boost production” by taking money out of the economy “raise income taxes” and increasing government spending? If that boosted the economy we’d be flying by now.
- EiZei 4y agoYou mean flying like it did between 1940 and 1970?
- robertlagrant 4y agoCorrelation isn't causation. That time was when only the US was able to make things, as most other first world places were devastated, and also the US got to call in its incredible loans from WW2.
- refurb 4y agoBut tax revenue and government spending is even bigger than that period. So why isn't growth even higher?
- oneoff786 4y agoYou should read the inflation reduction act. It tackles most of these things.