The Retired Investor: Trump's Plan to Boost the EconomyBy Bill Schmick,
03:48PM / Thursday, April 03, 2025 | |
Transforming a government-heavy economy into one where the private sector leads not only takes time but also requires a period of detoxification, according to U.S. Treasury Secretary Scott Bessent. The idea that pain may need to come before any gains has caught the nation and the stock market by surprise.
Last week, I explained that "the administration's first objective, is to slow demand in the real economy. Keynesian demand-side economics says the best way to do that is to reduce spending. Doing so, they believe, will also slow inflation. How do they do that? By distributing less money to the greatest number of people possible. That means slowing wage 0 Comments
Read More >> |
MEMBER SIGN IN
