“To us, Trumponomics is going to spend a lot more on defense and infrastructure, and he is going to cut taxes a lot,” Shulman tells GlobeSt.com. “So, we are going to end up with a very big deficit by 2018. We view this policy as reckless because the economy is already operating at or very close to full employment. Having some stimulus may be fine, but having this level of stimulus is reckless. The monetary policy is going to be more aggressive, especially with the prospect of more inflation and somewhat higher real growth.”
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12/14/2016
GlobeSt: "UCLA Economist Looks Inside Trumponomics"
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