Posted:
#201
Quote Originally Posted by thirdperson:
Former treasury secretary Larry Summers warns that no economist without political agenda says Trump big ugly bill is good for US economy. Instead most economists view the bill as harmful and increasing risks of higher inflation, interest rates and recession. More debt and less investment in machinery, buildings, education and research could make economy less productive. Summers dismiss as nonsense white house claim of $11 trillion in deficit reduction from economic growth.
Former treasury secretary Larry Summers warns that no economist without political agenda says Trump big ugly bill is good for US economy. Instead most economists view the bill as harmful and increasing risks of higher inflation, interest rates and recession. More debt and less investment in machinery, buildings, education and research could make economy less productive. Summers dismiss as nonsense white house claim of $11 trillion in deficit reduction from economic growth.
I have more faith in the expert economists than the fascists.
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