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61 sats \ 6 replies \ @Aardvark 20 Feb \ on: Will the bond market rein in Donald Trump? econ
I have serious doubts that spending will be cut in a meaningful way long term.
It might be cut in a meaningful way in the medium term, though. Some of what they're doing will take time to undo: selling off federal office space, for instance, means bloating back up will require a lengthy procurement process.
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I'm expecting productivity increases. A bunch of distortions are being yanked out of the economy, by cutting all of these political subsidies, plus about a hundred thousand former federal workers are entering the labor force.
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"Nothing stops this train," I've heard some eloquent macro personality say
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That's sick
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