Yeah, it’s interesting to watch the FED slowly pull off
Expansionary monetary policy and raise interest rates. While the White House and Congress finally engages in expansionary fiscal policy about 9 years after it was needed. Lack of institutional directive from the government. I’m not so concerned about rising inflation rates due to the tax bill right now. But the new tax bill should accelerate the rate at which we accumulate debt less the rate at which we accumulate wealth. Fast debt accumulation with slow wealth accumulation bodes poorly for our future and may lead to an economic reckoning down the line.
|
(
In response to this post by HoosWillWin)
Posted: 03/09/2018 at 10:16AM