Biden Bets Government Can Drive Growth

[DonViejo]

March 31, 2021 at 8:30 am EDT By Taegan Goddard

Wall Street Journal: “President Biden envisions long-term federal spending claiming its biggest share of the American economy in decades. He wants to pay for that program in part by charging the highest-earning Americans the biggest tax rates they’ve faced in years…”

“It all marks a major turning point for economic policy. The gamble underlying the agenda is a belief that government can be a primary driver for growth. It’s an attempt to recalibrate assumptions that have shaped economic policy of both parties since the 1980s: that the public sector is inherently less efficient than the private, and bureaucrats should generally defer to markets.”

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https://politicalwire.com/2021/03/31/biden-bets-government-can-drive-growth/

[hedda_foil]

1. I am now and always have been a Keynesian.