Originally posted by Fishinnick:
↑
Tax cuts don't increase inflation, all that happens is the people that actually earn the money spend it in the economy instead of the government, it's not an increase in money supply, just different people spending it within the economy and if you want to get technical a reduction in government revenues should reduce it's borrowing power in theory and also it's expenditure and this would help reduce inflation on a net basis from the tax cuts and Trump cutting regulations when he comes back to the whitehouse and likely reducing government staff numbers should also reduce governmental expenditure and thus reduce pressure on inflation further still.
Expand
A new Wall Street Journal survey found that a majority of economists polled believe Donald Trump's policies would be more likely to reignite inflation than President Joe Biden's would. Sixteen Nobel Prize-winning economists previously came out with a letter voicing the same concerns. 6 days ago
