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In response to
"JP Morgan CEO: "we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high." -- (link)"
by
Strongbad
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He's not entirely wrong. One of the issues with the tax cut all along was that we don't need it now. Wages were starting to grow, the economy was
Posted by
pmb (aka pmb)
Jan 24 '18, 14:20
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growing, interest rates were low and inflation was under control. Tax cuts are to stimulate the economy. When it's already functioning, it's inflationary and leads to increased interest rates. And then when the economy slows you don't have that tool to go back to again because you've already raised the deficit so high.
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