Wow....
Okay, when you run large deficits - and especially when we are in the territory in which we are now in fiscally - the result is either 1) inflation or 2) higher interest rates. Or both. A recent illustration of this is how Moody's downgraded U.S. credit.
Both of those conditions -- inflation and higher interest rates -- make capital investment more difficult. And large-scale capital investment is going to be required to expand domestic U.S. manufacturing. Therefore, running high deficits is going to make it harder to bring back U.S. manufacturing.
A lot of the stuff in Trump's bill amounts to payoffs for a populist campaign, which I didn't support then and do not support now. Buying votes/support with government money is what the left has done. But now, it seems to be GOP policy as well. I don't blame in the least Paul and those other Republicans who are calling this stuff out.
We are not going to agree and I am not going to continue to refute your assertions. Moody’s is a looking backwards assessment. It’s based on Biden’s watch. Your assertions on what causes inflation owe much to economists who have been consistently wrong.
I am going to agree to disagree here since we obviously have basic differences in viewpoint Thank you for a cordial exchange.