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14:12
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Originally posted by Furyon:
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The market is pricing a high probility of recession. Don't think I'd follow Tanvi as the analysis I read only considers one side of the coin. Example, arguing the ability to refinance debt at lower rates and reduce inflation by sending the economy into recession or "reset" and reduce the debt burden ignores tariffs being inflationary and lower tax receipts caused by crashing the economy. Why was this better than growing the economy that was doing well, increasing tax receipts, reducing regulation and rationally and methodically cutting costs, strategic tariffs for fairness of trade and paying down debt before massive tax cuts? Seems like stretching to me. Remembering Trump is the "King of Debt" and added the most debt of any modern president. Anyway, am sure there are general discussion threads more appropriate for this discussion on this topic and I have written too much!
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Apparently (news story), the Tariff policy was advised by the great economist Ron Vara. Thinks that make you go hmmmm facepalm.
