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Trump's Spending Is Delaying a Recovery. Biden Would Be Even Worse.

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Tags Taxes and SpendingU.S. Economy

08/06/2020Daniel Lacalle

Debt matters, even if interest rates are low. Increasing debt and spending means lower growth and weaker real wages in the future.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "Trump's Spending Is Delaying a Recovery. Biden Would Be Even Worse.​"

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

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