Who's right on the economy: Republicans or Democrats
I’ve been a lifetime conservative (although my life has been relatively short thus far – I’m only 25). My conservative principles tell me that the GOP is doing the right thing in their concentration on budget deficits, spending, and lowering taxes.
The academia I have learned (including the CFA curriculum) tells me that in recessions, inflation and deficit fears have to be put on hold as the government has to ramp up spending to make up for lost demand from the private sector.
I think the academia may not totally apply here because of America’s unique role as the world’s reserve currency and its treasuries as the default risk free rate–something that the text may not take into consideration. So not sure how this affects the argument.
Basically, I am admitting I don’t know yet where I stand on this topic and I just want to know what everyone on here thinks. This is the most polarizing issue in the country right now. All politics aside, what does everyone here think is the correct course of action for our nation’s economy given both our short term and long term issues?
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