"We're fighting wars. We can't take care of daycare." Trump's off-the-cuff remark at a luncheon is actually one of the oldest ideas in economics. It connects Nazi Germany, LBJ's Great Society, and a graph from chapter one of every economics textbook.
LBJ thought he could do both, and raised national debt by 13%. You seem to imply that kicked off inflation, yet it was Nixon that raised the debt by multiples of LBJ
What stood out to me most is the idea that every government decision involves opportunity cost—choosing one priority means giving up another. I also found it interesting how the article connects historical examples to current political decisions, showing that this debate has been ongoing for decades. Overall, it highlights that economic choices are not just about money, but about values and priorities.
"A 71% majority says they’d oppose Congress authorizing spending $200 billion to fund further US military action in Iran, as the Pentagon has proposed"
I'm sure they'll vote the bums right out come November.
Im confused that war was plural. Im only aware of 1. Any how very insightful article i need to share this one with my students. When I was in undergrad it was aircraft and cake in one class.
LBJ thought he could do both, and raised national debt by 13%. You seem to imply that kicked off inflation, yet it was Nixon that raised the debt by multiples of LBJ
The line you’re quoting mentions that Nixon raised the debt by 3x what LBJ did. I’m not hiding that information by any means.
Inflation hit an 18-year high at the end of his administration in 1969.
What stood out to me most is the idea that every government decision involves opportunity cost—choosing one priority means giving up another. I also found it interesting how the article connects historical examples to current political decisions, showing that this debate has been ongoing for decades. Overall, it highlights that economic choices are not just about money, but about values and priorities.
"A 71% majority says they’d oppose Congress authorizing spending $200 billion to fund further US military action in Iran, as the Pentagon has proposed"
I'm sure they'll vote the bums right out come November.
There is a reason why the politicians who prefer guns over butter are almost always imperialists, and not defenders of liberty. And you explain it.
Appreciate the comment on the weirdness of Rubio's speech in the context of what Trump was saying. Guns v. Butter for thee and not for we!!
Better to bring a gun to a butter fight than butter to a gun fight!
Im confused that war was plural. Im only aware of 1. Any how very insightful article i need to share this one with my students. When I was in undergrad it was aircraft and cake in one class.
I imagine he has a long list of places to go next
One can only hope not.
Iran, of course, Venezuela, Cuba, Ukraine (though backing out of that one)