Wednesday, November 9, 2016

Under Donald Trump It Is Going To Be All About Fiscal Policy...

...that is we are going to see a massive increase in government spending.

From the Financial Times:
Anthony Scaramucci, a hedge fund manager and Trump adviser, said: “I definitely think we will have a shift from monetary policy to fiscal policy — most of the central banking community is calling out for other legs of the stool.”...

Public debt was currently low as a share of GDP in the US, [Thomas Barrack, chief of Colony Capital and an adviser to Mr Trump,] said, pointing to public-private partnerships as a way of enticing investment just as it does in other parts of the world. Mr Trump repeatedly argued during the campaign that the US had underinvested in its roads and ports and pledged to exceed the infrastructure plans being mooted by Mrs Clinton.

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