NOW IS THE PERFECT TIME TO RETHINK 'FISCAL SUSTAINABILITY'
For the Odd Lots blog, I wrote how trying to match spending and taxes on a dollar-for-dollar basis is a very poor way for Democrats to think about paying for their infrastructure bill. bloomberg.com/news/articles/…
For the Odd Lots blog, I wrote how trying to match spending and taxes on a dollar-for-dollar basis is a very poor way for Democrats to think about paying for their infrastructure bill. bloomberg.com/news/articles/…
Included a bunch of thoughts from @typesfast @StephanieKelton @JWMason1 and others.
Even if our current inflation does prove to be, in fact, "transitory" it's still sending us a warning that our infrastructure lacks the capacity for fast growth.
Even if our current inflation does prove to be, in fact, "transitory" it's still sending us a warning that our infrastructure lacks the capacity for fast growth.
Taxing billionaires unrealized capital gains isn't going to create any more berths at the Port of Los Angeles.
Anyway, something I've been thinking about a lot. We have these government agencies that build detailed (usually wrong, but detailed nonetheless) models for future deficits and interest rates. But as @IrvingSwisher has been arguing, we need more granular data on industry capacity
So it's one thing to say we need more port capacity. Which obviously seems true. But how much more? What's actually the right number? Where do we want to get to? Would be good if answers to these questions were more front and center in the infrastructure discussions.
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