Appreciate Mr. Tamney’s views on the economy, and making the obvious point that what we produce, rather than consume is the true measure of economic health.
I’m concerned that his nuanced statement that: “deficits don’t matter”, will be misinterpeted by willing ears all too eager to print money, and continue insane fiscal and monetary policy.
“Appreciate Mr. Tamney’s views on the economy, and making the obvious point that what we produce, rather than consume is the true measure of economic health.
I’m concerned that his nuanced statement that: “deficits don’t matter”, will be misinterpeted by willing ears all too eager to print money, and continue insane fiscal and monetary policy.”
Milton Freidman pointed out that the burden of government is not measured by its taxes but by its SPENDING.
Jack Kemp added the caveat that taxes are (my words) a form of regulatory burden on the economy. Cutting tax rates therefore tends to increase the economy. If done to excess it ALSO causes inflation. But that does not entirely negate the economic benefit. It is always GOVERNMENT SPENDING which causes inflation in the first instance.