Commentary
Among the issues that are barely discussed by economists are the current policies pushing the U.S. economy toward a state of collapse. And yet recently, former President Trump warned about the possibility of an economic collapse (i.e., a depression). He, for example, quite rightly blamed the Biden administration for the inflation crisis.
To note, while Trump had a rather notable track-record in propelling the U.S. economy into a renewed growth during his tenure, his aggressive policies postponed the recession that should have arrived to the United States in 2020, at the latest. An economy needs to enter a recession periodically (cyclically) to root out excess leverage, over-indebtedness, and unprofitable companies. An economy is meant to develop through (business) cycles. All attempts to remove the cyclicality will make the economy fragile and thus subject to larger business-cycle fluctuations and crises….
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