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.
And they've made the U.S. economy 9 percent smaller than it would it otherwise be.