Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Some people would benefit. Others would lose money or be rendered unemployable.
And they've made the U.S. economy 9 percent smaller than it would it otherwise be.
'Immigration represents an opportunity rather than a threat to our economy and to American workers.'