Could I refer you to the GFC....its worst recession since the Great Depression.
Since then the US has survived on borrowed/printed money..: ie; that its rate of growth was about par with its ongoing budget deficits as a %age of GDP. That is if the USA had taxed to balance its budget, it would have been in and out of recession since 2008. That's the Macro Economic situation.
If you are an investor, however, its a different picture....since 2012 investors have been doing well while the country has been struggling . This recently was due to a drop in corporate tax to 25% which coincidentally triggered even higher levels of Federal Government borrowings.
But back to the current war in the Ukraine.
The western economic sanctions led by the USA have simply not worked in that : (a) they did not induce a Russian policy change with respect to the Ukraine war (b) they did not create social unrest (c) they did not deliver regime change
As such, so far they have failed.
If you have evidence to the contrary, I would gladly read it. Personally I wish that these sanctions had worked because they would have shortened this war....because, IMO, war is the problem and not the solution.
