Rep Barr is crazy to believe that the recently passed tax cuts will make it easier for the Fed to shrink its balance sheet without disrupting markets or the economy. In reality the larger deficits those tax cuts will produce will make an impossible trick even harder to pull off.
— Peter Schiff (@PeterSchiff) February 27, 2018
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- The rich will get richer because return on investment
- Why doesn't anyone discuss the potential impact of the capital gains tax hike inherent in the recently passed legislation? All residents of high tax states who still itemize will now pay higher effective tax rates on their capital gains than they did under the old law.
- Economics in One Lesson
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
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- Against Public Policy
- Rep Barr is crazy to believe that the recently passed tax cuts will make it easier for the Fed to shrink its balance sheet without disrupting markets or the economy. In reality the larger deficits those tax cuts will produce will make an impossible trick even harder to pull off.
- The cornelian dilemma for the Fed will be to either raise rates to restrain rising consumer prices and support the dollar, or cut them to prop up a sagging economy & stock market. Doing the former will produce another financial crisis, while doing the latter something far worse!