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Interest rates. Everything is tied to interest rates. They are so far from a sustainable historical number, that it causes massive inflation in things like homes and auto prices and college tuition. Higher rates could somewhat curb energy prices as well, though they are at really prices now, in case you haven't noticed. Point is, debt is increasing from federal to the consumer level, just like back in the early 2000's, simply because one can borrow at such stupid low rates. It needs to stop. Incomes haven't kept up with that level of debt service. So, instead of giving people more income, they give them more cheap debt. And outside real estate interests as well.
Interest rates. Not tax rates.
Agreed, I think that the entire fate of the economy is starts with the interest rate.
Artificially propping up the economy until it crashes all while taking more money from hard working people and giving handouts...Hillary.
Restoring legitimate economics and capitalism into the economy, eliminating waste and fraud in the govt. and hopefully allowing for real job and wage growth as allowed by real economic factors...Trump.
Artificially propping up the economy until it crashes all while taking more money from hard working people and giving handouts...Hillary.
Restoring legitimate economics and capitalism into the economy, eliminating waste and fraud in the govt. and hopefully allowing for real job and wage growth as allowed by real economic factors...Trump.
I am sorry, but this could not be further from the truth.
The answer is Hillary just for the very fact she is going to try to work with everything to get things done
Election after election, the same body wearing a different bobblehead is installed. Anyone who thinks a country ruled by fractional reserve banking can last indefinitely is delusional. Nothing is free, and the math on this Ponzi scheme will never add up. Unless that is, you are a 1%er:
“Any system which gives so much power and so much discretion to a few men, [so] that mistakes ‑‑ excusable or not ‑‑ can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic ‑‑ this is the key political argument against an independent central bank. . .To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers.” – Milton Friedman
Protectionism/trade wars, spending billions on walls and deportation schemes, and starting wars with China would be very very very bad for the economy.
I've got news for you; the USA has been in a trade war with our "trading partners" since the 1960s and congress does nothing about it. We're also under assault by hordes of aliens, both legal and illegal and congress does nothing about it.
The demographic transformation of the USA will be complete by the turn of this century and the economic transformation of the USA from a manufacturing nation to an "advanced service" economy will be complete a lot sooner.
In my opinion, we must also fund training programs for our displaced workers. We must move these people into the better paying jobs of high-tech manufacturing, as well as other functions that are not subject to export, such as administration, sales/marketing, research, accounting, human resources, etc.
Farmers have traditionally saved their seeds from year to year, but as multinational corporations patent GM seeds these farmers will be forced to pay for seeds, pushing them further into dependency.
When you look at history, "Free trade" is not working for the majority of the world. During the most recent period of rapid growth in global trade and investment-1960 to 1998-inequality worsened internationally and within countries. Without debt cancellation and rules to curtail rampant capital speculation, countries in the Global South will remain dominated by the Global North, inequality will increase, and the hope of achieving sustainable development will be farther off.
Trump is not perfect, and his economic policy (by increasing tax on foreign goods) is not the solution. However, between Trump and Hillary, trump is a better candidate for the economy.
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