Economist Jonathan Newman joins Ryan McMaken to discuss how deficit spending and runaway debt is causing price inflation and higher interest rates.
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56 sats \ 1 reply \ @freetx 24 Jan
I'm hopefully that the combo of tariffs + DOGE will offset in a very positive way so that inflation is both reduced (from excess gov spending) and meaningful jobs return to US.
It would be great if there were 700,000 less fed employees and and equal amount more productive factory jobs.
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10 sats \ 0 replies \ @Undisciplined OP 24 Jan
Did you see that DOGE is just a renaming of an already existing IT department in the government?
I'm really not sure what we might expect from it. The best case scenario is that it's a long game to introduce automated systems that allow radical staff reductions. It doesn't seem like it has much to do with identifying and reducing the bureaucracy though.
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30 sats \ 3 replies \ @grayruby 24 Jan
Economy has gotten used to that government spending crack. It will be interesting to see how it responds if DOGE takes a chainsaw to spending.
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40 sats \ 2 replies \ @Undisciplined OP 24 Jan
DOGE is not going to take a chainsaw to spending. They've basically already abandoned that idea.
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30 sats \ 1 reply \ @grayruby 24 Jan
Trump seemed to piss off a lot of government workers making them go in person full time. Maybe they won't have to take a chainsaw and they will all quit on their own.
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40 sats \ 0 replies \ @Undisciplined OP 24 Jan
Yes, that's what might actually work: hiring freeze + mass quit.
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