High inflation erodes the purchasing power of savings, pushes up interest rates and undermines future economic growth. Everyone agrees, in short, that it’s bad. Very bad. What experts can’t agree on ...
Government spending has a more significant impact on the economy than tax changes due to the spending multiplier effect. "Trickle-down economics" does not work. Tax cuts primarily benefit the wealthy.
The CBO's estimate says revenue from tariffs would reduce the deficit by $2.8T. The nonpartisan Congressional Budget Office estimates that President Donald Trump’s tariffs would shrink the U.S.
MOSCOW (Reuters) -Russian President Vladimir Putin told a government meeting on Monday that measures to reduce inflation were working, but questioned whether more needed to be done to boost growth.