A government that prints its own money, like the United States, does not need tax revenue to pay for its spending. This distinguishes the U.S. government from a household or state and local governments.
Housing reached its highest share of GDP since the bubble years.. If productivity can remain on a faster growth path, then there will be far less basis for any conc ns with inflation.
There is huge confusion on the burden created by the deb,as people often get scared by politicians throwing around “trillions” of dollars. The numbers are huge, but so is our economy.
Given the outcome of the elections, there seems little hope for the amount of stimulus the economy needs. The importance of increasing the use of worksharing, which is already part of the unemployment insurance system in most states.
