Homework problem: What are the long-term economic consequences if both parties pursue a strategy of "blunt partisan Keynesianism"?https://twitter.com/HeerJeet/status/1208371678604144640 …
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Space Force!
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The other part that doesn’t, gets to inherit the GOP made recession
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...thereby eventually becoming extinct--people vote their pocketbook! The Offending Party will then no longer need to use the blunt instrument to gain advantage, ergo--problem solved!!
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We know the answer to that one. Trump!
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This experiment has been run since 1980, so we know that the answer is: gradually increasing deficits, discretionary austerity with continued entitlement spending growth, low-ish taxes, low and stable inflation.
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Increasing inequality?
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We learn whether deficits actually matter.
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The Party that doesn’t pursue it instead pursues responsible economic policy and doesn’t crash the economy after 8 years every time as a result?
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