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re: After Trump is elected and everything doesn't magically cost what it did in 2019
Posted on 3/3/24 at 2:27 pm to Taxing Authority
Posted on 3/3/24 at 2:27 pm to Taxing Authority
quote:
I guess if you want to completely ignore his protectionist trade policies, spending desires (Trump wanted bigger infrastructure spending than Biden), stimulus spending, and lobbying for lower federal reserve rates—you’d be right. Outside of that his polices on entitlements are mostly inline with well-known inflation-fighters Bernie’s and Liz Warren’s.
And yet the rate of inflation was under 2% when Trump left office. There is something to be said for supply side economics.
1
Posted on 3/3/24 at 2:44 pm to Auburn1968
quote:That's because Trump didn't implement most of those inflationary policies. Hell, he delayed the tariffs package so "American's could have a nice Christmas". If that doesn't tell you it's inflationary--I'm not sure what will?
And yet the rate of inflation was under 2% when Trump left office.
quote:WHat part of "supply side economics" includes choking off the supply of goods?
There is something to be said for supply side economics.
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