What is the Real Impact of Fiscal Policy on the Economy?
Former JPMorgan Chase Global Chief Economist & PH.D. in Economics
Liberal advocates argue that when fiscal policy supports desired social goals (e.g., affordable health and childcare), it is a win for the economy with minimal or non-existent impacts on inflation because it will boost the labor supply over time.
Conservative advocates believe incurring fiscal deficits to cut corporate taxes or lower taxes on high-inc…
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