A promos of Trump’s “De-regulation”, What about the environmental, health and safety costs of those policies, which we will be experiencing for years to come?
A propos, not A promos
Isn't it also possible that the growth in Trump years by demand side, by big increases in the deficit? A Keynesian type response? We cut taxes a lot and added trillions to the debt even before COVID
Which sectors will be weak thru 2021?
Earlier Prof Holtz-Eakin mentioned that coming out of 9/11 the big challenge was getting people to feel safe again. Totally agree. If Bush had not done that, airlines would have failed. I fear now airlines will fail, many are because of COVID without huge subsidies. Are we are in danger in losing most of that industry?
Which sectors will be growth sectors thru 2021?
DUE TO THE WEAK ECONOMY AND JOB LOSS IS THERE ANY REASON FOR A TAX INCREASE AT THIS TIME.
HOW BIG CAN THE DEFICIT GET WITHOUT HAVING SERIOUS PROBLEMS AND WHAT WILL IT DO THE THE VALUE OF THE DOLLAR
I totally agree that trade shifted to other countries but the ones feeling the pain the US were often farmers and others who traded with China, and so on.
The firm entry rate has been on a declining trend for decades. Policies have made it easier for big business to consolidate, even though politicians on both sides of the isle systematically claim that we should be passing policies in favor of small businesses. What has been the impact of the de-regulation policies of the current administration on small businesses vs big business, i.e. who has benefited more?
Don't you think problems with trade policy is that the average person has a simplistic view about global trade? That they don't understand some of the truths about trade we have been discussing and that 100% of economists know.
Manufacturing jobs were typically unionized and unions generally negotiated higher wages than unorganized workers.
There was also a fair amount of stock buy-backs with that windfall rather than investment.
Don't we need to balance two risks against each other -- risks of borrowing too much... and I guess driving up inflation and interest rates... and not borrowing enough and see sectors such as airlines fail, see rising inequality, see drop in demand and a double dip?
Mnuchin is over his head.
Can we go off topic…Doug + Wendy mentioned K-12 schools…And we need to fix K-12 schools. From a 100K foot view - what is an economist’s take on how to fix K-12?For ~50 years, show me a large metro area and you will find a bad to horrible school district with low graduation rates and low college attendance (or job) rates…
Thank you for a fantastic discussion! It was very engaging and informative.