Growth thru consumer borrowing is not good
Growth thru consumer borrowing is not good
As for imports, the idea that importing goods should subtract from GDP is absolutely nuts, if we are to believe that GDP is supposed to be some kind of measure of output. One would suppose that we would have graduated past late-19th-century notions of national autarky and realized by now that trade with other nations is a good thing but nope. We need to get the government is loosen the tax burden to promote spending and investment in these difficult times. We need to identify and make all areas of daily life secure. Food, Health, Wealth, Energy, Retirement, Education, Security. |
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