GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion | Wolf Street
— Read on wolfstreet.com/2019/02/28/gdp-rose-by-1-0-trillion-in-2018-us-gross-national-debt-by-1-3-trillion/
Trump is just like Obama and Bush when it comes to the debt. They are spending us into economic failure.
According to many commentators, outlays by government play an important role in the economic growth. In particular, when an economy falls into a slower economic growth phase the increase in government outlays could provide the necessary boost to revive the economy so it is held.
— Read on mises.org/wire/government-spending-doesnt-create-economic-growth
This should be understood in a high school economics class.😦
I have been asked many times why I was friends with Margaret Thatcher. I’ve also been asked if I have known any other politicians since who I was proud to call a friend. This video explains a lot as to why we were friends. We shared a view that really no longer exists in government be it among the Republicans in the USA or the Conservatives in the UK. I have not met any politicians ever since who truly understands the role of government and its impact upon the people. I suppose I am not suited for this time period. I cannot change the course of events for the whole. All I can do is watch the consequences of our own stupidity. I am proud to have met Maggie. She had a brilliant mind. I named that report “It’s Just Time” after her remark when we were discussing politics. She predicted Tony Blair would win in Britain long before he even appeared. When I asked her why, she replied, “It’s just time,” and that the Conservatives had been in power too long. Maggie addressed our 1996 World Economic Conference. For a head of state to come to our WEC and publicly address the audience was an endorsement of the fact that Maggie herself understood cycles existed.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/margaret-thatcher-on-the-true-duty-of-government/
Truer words were never spoken on this topic.
In the New York Times September 14, 2018, in an article “We’re Measuring The Economy All Wrong,” the writer of the article David Leonhardt complains that despite strong gross domestic product (GDP) data most people don’t feel it. The writer of the article argues that,
— Read on mises.org/wire/gdp-growth-not-same-thing-real-economic-growth
John Barleycorn 