In the us, deficit finance tax cuts had a pretty mixed record. Soh despite the tax cuts, there was still a deep rocession. And what about the forecast? From from my vantage, do you think all this will work? Yes, i'm pretty sceptical.
The markets are so far entirely unconvinced that the new administration’s Reagan-esque economic plans will work to spur growth—just look at sterling's tumble. In Tibet, China’s mass collection of DNA samples has one unabashed motive: social control. And the curious wave of “unretirees” returning to work after the pandemic.
Additional audio courtesy of the Ronald Reagan Presidential Library.