this post was submitted on 03 Jul 2025
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Corporate tax cuts are economic growth, which helps approval ratings.
Deficits are an easy way to please everyone by offloading austerity to the future.
So every government in all of human history has borrowed from the future, and have even curated their economists to push a message that deflation is dangerous and that debt needs to be monetized.
Then for some reason debt has exploded, crypto and risk stocks are completely disconnected from reality, and the bailouts get larger and larger.
As someone who may've taken the extended family on a 20k holiday when crypto boomed pre-panda, I would certainly describe the experience as unreal.
"may've taken the extended family on a 20k holiday" So Disney for a day?
Why settle for Orlando/Anaheim when you can Quebec City? 🤷🏼♂️