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Originally Posted by nailer
Pretty sure supply side economics increased our debt.
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Absolutely. I'd say that when we started trying to reign in inflation in the 1980s on by seeking "lower cost suppliers", we were pressuring manufacturers to move production overseas. Which, of course, means job losses and downward pressure on wages. Unemployment, lower real wages, fewer taxpayers.........declining tax revenues. Deflation is far worse for an economy than inflation.
Why can't people see that it's a closed loop system? You cannot have cheap goods and services AND high wages. You want Americans to have strong paying manufacturing jobs? Great! But, it's going to cost you in the checkout lane.
Robotics and automation? They may be inevitable but, they don't buy groceries or televisions.
Americans, especially the ones in flyover country need to understand this. This is just how it's going to be. And, no, Trump can't fix it.