Category: Covid19
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Borrow to Pay
An explanation of how debt fueled spending makes world turn and what happens when lenders stop lending.
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La Disgrazia
Budget deficits of appx 8% of GDP a year are a problem for Friedberg. He suggests pausing all new spending and reducing all spending to pre covid levels.
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Trump on Offense
Trump defends his proposal for a 10% tariff on imports from countries like China, India, and others. He argues that it would bring international trade back to the United States and save industries, such as steel, that have been negatively impacted by foreign competition. Trump believes that the tariffs would also give the US political…