i mean in the short run shit is good. i think what trump did though is bad for hte long run. but ultimately people are idiots and usually opt for how they feel right now. so the long run doesnt matter.
as my econ professors said, “in the long run, we’re all dead” so yolo mother fuckas
quantative easing is not a problem until inflations spikes up. no inflation no worries. so i am all for monetary stimulus and keeping rates low. the issue is that it does keep weak people alive. high rates usually kill off the weak.
fiscal policy is more of a entitlement issue. we dont need to give people ss/medicare, but we do. we have a debt to gdp of 100%. which is pretty high, but it aint that bad. any one of us prolly has a debt to income of 300% with our mortgages, but our rates are pretty fixed. if rates rise it wouldnt matter for us, but this shit will be a major problem for govt as most govt debt are pretty short term. so this is really just waiting for inflation. imo there should be no reason for us to run a deficit.
the us government currently pays 2.5% on all its debt and this is about 10% of govt spending. historically it should be 5%, but it went as high as 12% i think when we had rampant inflation in the 1980s.