Trump’s real legacy
I can hear the whataboutisms now - and it’s true that I didn’t complain about deficits during the Obama years. That’s because it was recovery time, and I’m a Keynesian. And deficits shrank in his last years, as the recovery continued.
Now...jeez.
Key paragraph: “According to Keynes, governments should be accumulating surpluses during economic boom times to help counteract business cycle contractions—not expand government spending, regardless of season. The latter is a recipe for fiscal collapse.”